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 ...
Like our predecessors in 1930, we oppose the use of tariffs as a general tool for economic policy.
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 ...
The history of the Smoot-Hawley Tariff Act shows how Mr. Trump’s tariffs are likely to play out. In 1930, Utah senator Reed Smoot and Oregon representative Willis Hawley proposed a sharp ...
The Smoot-Hawley Tariff Act of 1930, during the Great Depression, shaped how U.S. industries developed, and not only for the ...
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 ...
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 ...
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 ...
Iweala, urged nations to avoid retaliatory trade wars, warning of devastating impacts on global growth. Speaking at Davos, Okonjo-Iweala referenced the 1930s protectionist measures and called for calm ...