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Signed into law by President Herbert Hoover on June 17, 1930. 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.
It was sponsored by Sen. Reed Smoot of Utah and Rep. Willis Hawley of Oregon and was signed into law on June 17, 1930, by Pres. Herbert Hoover. How did the Smoot-Hawley Tariff Act impact the American economy?
- The Editors of Encyclopaedia Britannica
- William De Witt Mitchell
- Arthur Mastick Hyde
- Ray Lyman Wilbur
- What was the Smoot-Hawley Tariff Act?Formally called the United States Tariff Act of 1930, this legislation, originally intended to help American farmers, raised already high import du...
- How did the Smoot-Hawley Tariff Act impact the American economy?Economists warned against the act, and the stock market reacted negatively to its passage, which more or less coincided with the start of the Great...
- Why did the Smoot-Hawley Tariff Act have such a dramatic effect on trade?The punitive tariffs raised duties to the point that countries could not sell goods in the United States. This prompted retaliatory tariffs, making...
Mar 14, 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.
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Jun 17, 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...
Jun 17, 2013 · Hoover disregarded their counsel, however, and on June 17, 1930 signed into law the Smoot-Hawley Tariff. The law intensified the Great Depression and helped solidify Hoover’s ranking as...
6 days ago · 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...
President Hoover proposed a “limited revision” of the tariff on agricultural imports to raise rates and boost sagging farm prices. He then made the tactical error of trying to distance himself from the tariff debates.
