How did the smoot-hawley tariff affect the american economy?

Smooth-Hawley tariff Act was introduced in the United States in 1930.

Explanation:

The tariff Act is named after congressman Willis Hawley and senator Reed Smoot. Almost 900 tariff imports were raised by 40% to 48%.  It was introduced to support domestic farmers suffering the great depression.

But the tariff act produced unexpected negative results. Imposing high tariff on imports raised the food prices and made the lives of common people difficult. Previously cheap goods became very costly that people could no longer afford it.

The bill imposed tariffs on almost 20,000 imported goods. It also forced other countries to raise their tariff on imports and the global trade went down to 65%.

b)

it created free trade throughout the colonial territories.

from thales, who is often considered the first western philosopher, to the stoics and skeptics, ancient greek philosophy opened the doors to a particular way of thinking that provided the roots for the western intellectual tradition. here, there is often an explicit preference for the life of reason and rational thought. we find proto-scientific explanations of the natural world in the milesian thinkers, and we hear democritus posit atoms—indivisible and invisible units—as the basic stuff of all matter. with socrates comes a sustained inquiry into ethical matters—an orientation towards human living and the best life for human beings. with plato comes one of the most creative and flexible ways of doing philosophy, which some have since attempted to imitate by writing philosophical dialogues covering topics still of interest today in ethics, political thought, metaphysics, and epistemology. plato’s student, aristotle, was one of the most prolific of ancient authors. he wrote treatises on each of these topics, as well as on the investigation of the natural world, including the composition of animals. the hellenists—epicurus, the cynics, the stoics, and the skeptics—developed schools or movements devoted to distinct philosophical lifestyles, each with reason at its foundation.

with this preference for reason came a critique of traditional ways of living, believing, and thinking, which sometimes caused political trouble for the philosophers themselves. xenophanes directly challenged the traditional anthropomorphic depiction of the gods, and socrates was put to death for allegedly inventing new gods and not believing in the gods mandated by the city of athens. after the fall of alexander the great, and because of aristotle’s ties with alexander and his court, aristotle escaped the same fate as socrates by fleeing athens. epicurus, like xenophanes, claimed that the mass of people is impious, since the people conceive of the gods as little more than superhumans, even though human characteristics cannot appropriately be ascribed to the gods. in short, not only did ancient greek philosophy pave the way for the western intellectual tradition, including modern science, but it also shook cultural foundations in its own time.