Smoot-Hawley Tariff Act

Also found in: Financial, Wikipedia

0.01 sec.

Smoot-Hawley Tariff Act

(1930) U.S. legislation that raised import duties by as much as 50%, adding considerable strain to the worldwide economic climate of the Great Depression. Despite a petition from 1,000 economists urging Pres. Herbert Hoover to veto the act, it was passed as a protective measure for domestic industries. It contributed to the early loss of confidence on Wall Street and signaled U.S. isolationism. Other countries retaliated with similarly high protective tariffs, and overseas banks began to collapse. In 1934 Pres. Franklin D. Roosevelt signed the Trade Agreements Act, which reduced such tariffs.

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

Mentioned in	?		References in periodicals archive	?		Encyclopedia browser	?		Full browser	?
No references found			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			Smolenskii, Stepan Smolenskii, Stepan Vasilevich Smolenskin, Perez Smolevichi Smolian Smolian District Smolianinov, Vadim Smolianinov, Vadim Aleksandrovich Smolianinovo Smolich, Iurii Smolich, Iurii Korneevich Smolich, Nikolai Smolich, Nikolai Vasilevich Smolka, Stanislaw Smollett Smollett, Tobias Smollett, Tobias George Smolnyi Smolnyi Institute smolt Smoluchowski, Marian SMON smooch Smoot, George Fitzgerald, III Smoot, Reed Smoot-Hawley Tariff Act smooth smooth ashlar smooth blasting smooth bore smooth chert smooth curve smooth drilling smooth finish Smooth Flow of Socialist Production smooth machine finish smooth manifold smooth map Smooth Muscle smooth muscle fiber smooth phase smooth planer finish smooth sea Smooth Snake smooth surface smooth-finish tile Smooth-Leaved Elm smooth-surfaced roofing smoothed data smoothhound smoothing			smooge smooged smooger smoogers smooges smooging Smoor smoored smooring smoors SMOOS smoosh smooshed smooshes smooshing Smoot hawley Smoot Hawley Act Smoot Hawley Tariff Smoot Hawley Tariff Act Smoot Hawley Tariff Act of 1930 Smoot, George Fitzgerald, III Smoot, Reed Smoot-Hawley Act Smoot-Hawley Act Smoot-Hawley tariff Smoot-Hawley Tariff Act Smoot-Hawley Tariff Act of 1930 Smoot-hawley tariff bill Smoot-Hawly Tariff smooth smooth smooth smooth smooth smooth Smooth (mathematics) Smooth (mathematics) Smooth (mathematics) Smooth (mathematics) smooth alder smooth as glass smooth as silk smooth ashlar smooth aster smooth away smooth away smooth back smooth back smooth bark kauri Smooth Basis Function Minimization smooth blasting smooth bore smooth bore Smooth Brain smooth breathing smooth breathing

Encyclopedia

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

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.