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The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, [1] was a law that implemented protectionist trade policies in the United States.
In 1930, the president signed the Smoot-Hawley Tariff Act into law. Over 1,000 economists signed a petition against the Tariff Act, but it passed and was signed anyway. Smoot-Hawley levied 40% to ...
The Smoot–Hawley Tariff Act was signed by Hoover on June 17, 1930, while the Wall Street crash took place in the fall of 1929. Most of the trade contraction occurred between January 1930 and July 1932, before most protectionist measures were introduced, except for the limited measures applied by the United States in the summer of 1930.
That would be a historic high and surpass those seen under President McKinley in the 1890s, when U.S. trade policies were far more protectionist, and during the 1930s under the Smoot-Hawley Tariff ...
The Tariff Act of 1930, commonly known as the Smoot–Hawley Tariff, implemented protectionist trade policies, was signed by President Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported goods. [ 14 ]
Smoot-Hawley ultimately raised tariffs on tens of thousands of products, and trade policy analyst Bill Krist points out that by the end of 1934, global trade had tanked by 66% from 1929 levels.
The Merriam-Webster Dictionary defines a tariff as a "schedule of duties (payment/taxes) imposed by a government on imported or in some countries exported goods." ... The Smoot-Hawley Act, which ...
Hawley was the principal of the Umpqua Academy from 1884–86. [2] In 1888, he received a bachelor of arts degree from the school along with a Bachelor of Laws from the law department. [1] Hawley (left) and Reed Smoot in April 1929, shortly before the Smoot–Hawley Tariff Act passed the House