The Smoot-Hawley Tariff Act was the legislation passed in the early 1920s by Congress to tax foreign-made goods, impacting international trade and contributing to economic challenges during the Great Depression.
The name of the act passed by Congress in the early 1920s that applied taxes to foreign-made goods was the Smoot-Hawley Tariff Act of 1930. This act significantly raised tariffs on imported products in an attempt to boost domestic production but backfired by triggering retaliatory tariffs from other countries and contributing to a global economic downturn known as the Great Depression.
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