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 ...
The Smoot-Hawley Tariff Act of 1930, during the Great Depression, shaped how U.S. industries developed, and not only for the ...
But economic, political and technological changes have left Canada with few ways to handle trade restrictions now.
Ask President Hoover and Senators Smoot and Hawley what history thinks of their legacies. (Not surprisingly, none were reelected in 1932, as an FYI). Mainland investors only bought $152mm of Hong ...
Simon Wilson looks at what Donald Trump should learn from the mistakes of the 1930s. Under the Smoot-Hawley Tariff Act that came into force in 1930, US president Herbert Hoover imposed destructive ...
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 ...
World Trade Organization chief Ngozi Okonjo-Iweala urged nations Thursday to keep calm over tariffs, warning that a tit-for-tat trade war would be "catastrophic" for the world economy.
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