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 ...
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.
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 ...
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 ...
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 ...
Herbert Hoover signed the retaliatory Smoot-Hawley Tariff Act of 1930, and it only made the Great Depression worse. Mark Benedict Barry Library of Congress Protectionism doesn’t work ...