In the 1930s, what caused Canada to respond by raising its tax on goods imported from the United States?

A. the Glass-Steagall Act
B. the drop in the gold standard
C. the global depression
D. the Hawley-Smoot Tariff

In the 1930s Canada decided to raise taxes on goods imported in the United States in retaliation for the high tariffs that were created by the Hawley-Smoot Tariff. The Hawley-Smoot Tariff raised tariffs on nearly 20,000 imported goods to the United States to extremely high levels. This policy was put in place in an effort to protect American jobs following the Great Depression, but instead closed the U.S. economy off to the global market most likely hurting the American economy further.

Answered by Gibbs | 2024-06-24

D.) the Hawley-Smoot Tariff ;

Answered by dhevannnyahhh | 2024-06-24

Canada raised its import taxes on goods from the U.S. in the 1930s primarily as a reaction to the high tariffs imposed by the Smoot-Hawley Tariff Act of 1930. This retaliatory measure was aimed at protecting Canada's economy amidst declining international trade during the Great Depression. The multiple tariffs between countries significantly worsened the global economic situation during this period.
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Answered by Gibbs | 2024-08-25