Question

which outcomes resulted from the passage of the hawley-smoot tariff act? choose three correct answers.
trade gradually increased as taxes on imports fell.
domestic industries initially benefited from new tariffs.
countries such as germany and austria were able to control their economic downturn.
imports and exports exchanged between the united states and britain fell by nearly 66%.
countries around the world increased their tariffs in response.
tariffs and the great depression
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:

To determine the correct outcomes of the Hawley - Smoot Tariff Act, we analyze each option:

1. "Trade gradually increased as taxes on imports fell." - The Hawley - Smoot Tariff Act raised tariffs on imports, so imports would be expected to fall, not that taxes on imports fell. So this is incorrect.
2. "Domestic industries initially benefited from new tariffs." - Tariffs on foreign goods can protect domestic industries in the short - term by making foreign goods more expensive, so domestic industries could initially benefit. This is a correct outcome.
3. "Countries such as Germany and Austria were able to control their economic downturn." - The Hawley - Smoot Tariff Act contributed to the global economic downturn, and countries like Germany and Austria were hard - hit and not able to control their economic downturn easily. So this is incorrect.
4. "Imports and exports exchanged between the United States and Britain fell by nearly 66%." - The tariff act led to a decrease in international trade, and a significant drop in trade between the US and Britain (nearly 66%) is a known outcome. This is correct.
5. "Countries around the world increased their tariffs in response." - The Hawley - Smoot Tariff Act triggered a global tariff war, with many countries increasing their tariffs in retaliation. This is correct.

Answer:

• Domestic industries initially benefited from new tariffs.
• Imports and exports exchanged between the United States and Britain fell by nearly 66%.
• Countries around the world increased their tariffs in response.