this is mikel.org

Michael Boyle's weblog

  • home
  • archives
  • about
  • words

Historical Reminder: Smoot–Hawley Tariff Act

January 27, 2017 by Michael Boyle

Being on the brink of a renewed protectionist urge in the US, it’s worthwhile to review the history on this kind of policy.

The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), otherwise known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was an act sponsored by Senator Reed Smoot and Representative Willis C. Hawley and signed into law on June 17, 1930. The act raised U.S. tariffs on over 20,000 imported goods.

The tariffs under the act were the second-highest in the U.S. in 100 years, exceeded by a small margin by the Tariff of 1828. The Act and following retaliatory tariffs by America’s trading partners helped reduce American exports and imports by more than half during the Depression; but economists disagree by how much.

Source: Smoot–Hawley Tariff Act – Wikipedia

Tags: International Affairs, US Politics, Wikipedia

search

recent

  • Diouf Article
  • Anil Dash: We’re not being alarmist enough about climate change…
  • Learning about Gutenberg
  • From the “I thought I’d heard it all” file
  • One year since his passing: The Day Prince’s Guitar Wept the Loudest

Archives

Design Personal Software NYTimes Canada Web Business Google Test GNE Media Sports International Affairs Arts Montreal Canadian Politics Search Wired Social Networks US Politics Web Design Apple Internet Friend Microsoft Blogging War Music Email Copyfight Browser Funny
Michael Boyle Blog
  • Email
  • Facebook
  • Twitter

Copyright © 2000–2023 · Michael Boyle

Copyright © 2023 · Modern Portfolio Pro Theme on Genesis Framework · WordPress · Log in