Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,897,312,027 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Smoot-Hawley Act
(redirected from Smoot-Hawley Tariff Act)

    Also found in: Encyclopedia, Wikipedia 0.01 sec.
Smoot-Hawley Act
Legislation in the United States, passed in 1930, that raised tariffs on thousands of imports. The idea behind the Act was to protect American jobs, especially those of farmers, from cheap imports. However, the Act is considered to have been a failure because it led to retaliatory measures in foreign countries, which reduced U.S. exports. Some economists consider the Act to have been a contributing cause to the depth of the Great Depression. See also: NAFTA, Trade war.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
In 1930, the US government passed the Smoot-Hawley Tariff Act, which raised tariffs on 20,000 imported goods--despite a petition opposing the legislation signed by 1,028 economists.
Unsound barriers: protectionism is on the rise again, Scott Payton ... by Payton, Scott / Financial Management (UK)
As businesses started to fail, Congress passed the Smoot-Hawley Tariff Act in 1930 to protect American companies.
Hard times: the depression and Arkansas: historians shine light on ... by Henry, John / Arkansas Business
We've learnt from the Great Depression that it would lead to disaster if a law similar to the Smoot-Hawley Tariff Act comes up," Nakagawa said, referring to a law passed in 1930 that imposed sweeping rises in US import duties.
Japan warns against protectionism ahead of G7 by AFP / AFP Asian Edition
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.