Did a Mormon senator help bring in the 1930 Depression?
Posted: Tue May 14, 2019 8:16 pm
Commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was an Act implementing protectionist trade policies sponsored by Senator Reed Smoot and Representative Willis C. Hawley and was signed into law on June 17, 1930. The act raised U.S. tariffs on over 20,000 imported goods."What Caused the Great Depression? The legislation in the Tariff Act of 1930 had the effect of raising US tariffs on more than 20,000 imported goods. Many economists agree that Smoot-Hawley was a factor in causing the Depression, but some argue that it played only a small part."
Will there be a repeat now? We have little "Hitlers" in the wings. Hungary Russia Philippines
Will there be a repeat now? We have little "Hitlers" in the wings. Hungary Russia Philippines