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Smoot-Hawley Act
(redirected from Smoot-Hawley Tariff Act of 1930)

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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.
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The United States took the lead in the turn to protectionism with the infamous Smoot-Hawley Tariff Act of 1930.
Cashing in on cooperation: democracy, free trade, and international ... by Davis, Christina L. / Harvard International Review
Beijing University finance professor Michael Pettis goes so far as to liken China's tax-rebate move to the Smoot-Hawley Tariff Act of 1930, the U.
CHINA: AN EARLY TEST FOR OBAMA by Pete Engardio, with Dexter Roberts in Beijing / BusinessWeek
protectionism--primarily the notorious Smoot-Hawley Tariff Act of 1930, which hiked duties on imports into the United States and contributed greatly to the economic misery of that era.
Bootstrapping trade by Christy, David S., Jr. / World Policy Journal
 
 
 
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