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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...
Apr 5, 2018 · 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 raises duties prohibitively high on many imports. President Hoover signs the Smoot-Hawley Tariff act on June 17 against the urgings of many economists. Rather than solve the economic crash, the act causes other countries to follow America's lead by raising their tariffs.
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.
Apr 22, 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...
Apr 1, 2009 · The clause that Hoover strongly advocated was Section 315 of the 1922 act (Section 336 of the 1930 act) in passing the Smoot-Hawley bill. Thus, this article uses only Section 315 (Section 336) as the FTP, distinguished from the broadly defined FTP.
