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Smoot-Hawley Tariff Act (1930)
Smoot-Hawley Tariff Act (1930)The Smoot-Hawley Tariff Act was a law passed by the United States Congress in 1930. It raised tariffs on a variety of imports to levels that were higher than ever before. (A tariff is a tax that...
Smoot-Hawley Tariff Act (1930)No, the Smoot-Hawley Tariff did not allow the US exporting economy to boom in 1932 or in any other year. A tariff is very unlikely ever to cause a country’s exporting economy to boom. A tariff...