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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.
31 Jul 2024 · In his 1928 campaign for the presidency, Republican candidate Herbert Hoover promised to increase tariffs on agricultural goods, but after he took office lobbyists from other economic sectors encouraged him to support a broader increase.
14 Mac 2018 · Herbert Hoover, as the Republican nominee for President, pledged to support tariffs for agriculture, and also proposed an innovative plan for a Federal Farm Board that would help farmers organize co-ops to stabilize prices. Immediately after his inauguration, Hoover called a special session of Congress.
23 Mei 2024 · President Herbert Hoover signed the act into law on June 17, 1930, despite widespread opposition that included a petition signed by more than 1,000 economists urging him to veto it. The...
The U.S. and China have announced new protectionist tariffs, in what some fear is a trade war. We bring you the story of a bygone era of American protectionism: the Smoot-Hawley tariffs of the...
The Smoot-Hawley Tariff Act raised around 900 import tariffs by an average of 40% to 60%. Also referred to as the United States Tariff Act of 1930, its purpose was to safeguard U.S. businesses and farmers. Rather, it added extensive stress to the Great Depression.
17 Jun 2014 · On this day in 1930, President Herbert Hoover signed into law the Smoot-Hawley Tariff Act, spurning a petition to the White House from more than 1,000 economists urging him to veto the...
