The smoot-Hawley plan is worse than “Buy American”? “Buy Spanish,”? Or “British jobs for British workers” because it protected the American farmers and business by raising the import duties at the expense of international traders. Subsequently, the act added considerate restriction to the global economy wave. Also, the bill raised the united states tariff rates, which was already high, thereby making the lives of Americans, even more, worse (Jones, 2019). Furthermore, the act prompted retaliation from European governments which hammered the prosperity of the united states. Therefore, the adoption of Smoot-Hawley’s plan meant that the United States would also experience restriction when exporting their goods to other countries, which in some way affected how they dealt with overproduction of agricultural products. Moreover, Smoot-Hawley plan is worse because it contributed to the isolation of the United States from the other parts of the world.
On the other hand, “Buy American”? “Buy Spanish,”? Or “British jobs for British workers” is better because it did not regulate the extension or increase in tariffs that were set on almost 20,000 imported products. Also, “Buy American”? “Buy Spanish,”? Or “British jobs for British workers” was a slogan that balanced the import and export market of the world by not limiting the growth to only one country. This act did not further the rift between the United States and other countries of the world as it only promoted the purchase of products from all the nations with emphasis on critical European economic players (Jones, 2019). Therefore, the Hawley-Smoot Act was passed in 1930, is not a better consolation for the Great Depression period and could not succeed in its mitigation to the effects brought forth by its features.
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Reference
Jones, J. M. (2019). Tariff retaliation: Repercussions of the Hawley-smoot bill. International Affairs . doi:10.2307/2603522
