For example, Congress passed a sweeping range of tariff hikes, some as high as 60%, after the stock market crash of 1929 under the Smoot-Hawley Tariff Act to protect the farming industry.

Many economists argue that they are harmful for the economy and consumers. For instance, the Smoot-Hawley Tariff could be perceived as worsening the Great Depression in the 1930s. In an attempt to ...

Willis C. Hawley (left) and Reed Smoot meeting shortly after the signing of the Smoot-Hawley Tariff Act. (Credit: National Photo Company/Wikimedia Commons/Postmedia files) Fans of the movie Ferris ...

In this spirit, Hoover gave little input to formulation and passage of the Smoot-Hawley Tariff, enacted in 1930. As a part of this legislation, Congress withdrew most presidential flexibility to ...

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How did the Smoot-Hawley Act come to be? Robert Bothwell, an emeritus professor of Canadian history at the University of Toronto, said the Smoot-Hawley Tariff Act was just another example of the ...

Jan 29, 2025 at 11:00 am by Producer ...

Stock Market Plummets as Trump Announces New Tariff War Donald Trump announced new tariffs will take effect this weekend—sending the stock market crashing. The New Republic ...

Carolyn Henegar Smoot, age 86, passed away Wednesday, January 29, 2025. She was born in Daylight, Tennessee to the late William A. and Jimmie Henegar. She was also preceded in death by her sister, ...

They are not, unlike the Smoot-Hawley tariff of 1930, a broad and general imposition of import duties, but instead specifically aimed at Canada and Mexico. They employ the bludgeon of the tariff ...