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tariffs and the great depression tariffs are a tax placed on imported g…

Question

tariffs and the great depression
tariffs are a tax placed on imported goods.
tariffs are used to give domestically produced goods an advantage in the market.
as a result of tariffs, imported goods become more expensive for consumers
willis c. hawley and reed smoot, the politicians for whom the hawley - smoot tariff act was named
the stock market crash
the stock market crash of october 1929 marked the beginning of the greatest economic crisis in american history. a decade of robust economic growth and prosperity hid underlying weaknesses in the economy, reckless speculation in the stock market, stagnation in the agricultural sector, rising debt, and the failure of the federal reserve to tighten credit to reduce risk. when the bottom fell out of the american economy, it seemed to the rest of the

Explanation:

Brief Explanations

For the first blank, tariffs are taxes on imported goods (by definition, tariffs target imports to regulate trade). For the second blank about imported goods' price after tariffs: Tariffs increase the cost of imported goods, so they become more expensive for consumers (since the tax is added to the import's cost, raising its price in the domestic market).

Answer:

First blank: imported goods (as tariffs are on imported goods). Second blank: more (imported goods become more expensive for consumers due to tariffs).