However, the Great Depression had taken hold before the effects of Smoot-Hawley, ruling it out as a cause of the crisis, they added. "Smoot-Hawley impacted the U.S. economy at a vulnerable moment ...
But economic, political and technological changes have left Canada with few ways to handle trade restrictions now.
Like our predecessors in 1930, we oppose the use of tariffs as a general tool for economic policy.
Last week, we began looking at why the 1929 stockmarket crash turned into the Great Depression ... Then there was the folly of the Smoot-Hawley Act, passed in June 1930, that boosted US tariffs ...
The Smoot-Hawley Tariff Act of 1930, during the Great Depression, shaped how U.S. industries developed, and not only for the ...
The impact of tariffs on the Great Depression remains a cautionary tale about the dangers of economic protectionism during times of financial distress. Among the most infamous examples is the ...
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 GREAT DEPRESSION. Seriously, dust off your copy of The Grapes of Wrath to remember what that was like. Ask President Hoover and Senators Smoot and Hawley what history thinks of their legacies.