FRAME STUDIO / Getty Images The Smoot-Hawley Tariff Act of 1930 raised U.S. import duties with the goal of protecting American farmers and businesses from foreign competition. The Smoot-Hawley ...
Those tariffs are widely credited with sinking the United States deeper into the Great Depression. And although global trade ...
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 ...
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