Within months of the stock market crash, Hoover signed into law the Smoot-Hawley Tariff Act, a 1930 measure that increased tariffs for a broad swathe of imported goods. In response, several ...
Among the most infamous examples is the Smoot-Hawley Tariff Act of 1930, which exacerbated an already dire economic situation. Implemented to protect American farmers and manufacturers, the tariff ...
(SOUNDBITE OF FILM, "FERRIS BUELLER'S DAY OFF") STEIN: (As Economics Teacher) The tariff bill, the Hawley-Smoot Tariff Act, which - anyone? - raised or lowered - raised tariffs. MALONE: But that ...
A mannerism is stymying economic discussion about the President Trump tariffs, as it has since the first presidential term. This is the accusation among economic purists that it is craven and ...
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 ...
The key difference is that America now has excessively high consumption, while it had low consumption and excess savings when the Smoot-Hawley Tariff Act was passed in 1930. "Done under current ...
With broad new tariffs promised, we look back at the most infamous case of broad tariffs in U.S. history — the Smoot-Hawley Tariff Act. It did not end well. KUOW is Seattle’s NPR news station.
elsewhere in the 1930s with the Smoot-Hawley Act. It made it worse," she said. "We're very much saying to our members at the WTO, you have other avenues, even if a tariff is levied, please keep ...