Answer:
In chronological order (from first to last)
1. The Smoot-Hawley Tariff raised taxes on thousands of imports.
2. The tariff angered America's foreign trade partners.
3. America's trade partners raised taxes on American goods, shrinking international trade.
4. Trade markets closed and the Great Depression worsened.
Explanation:
The "Smoot-Hawley Act" was signed by President Hoover in 1930. It was meant to help the American farmers who were deeply devastated when the Great Depression occurred. The import tariffs were raised by the USA (around 48%), particularly on the agricultural imports. As a result, the food prices in the country increased. Other countries got angry and retaliated by increasing their taxes on American goods as well. So, this resulted in the shrinking of international trade (a decrease in both the import and export of goods). Trade markets then closed which even worsened the Great Depression.
