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Smoot–Hawley Tariff Act

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represented only about 9% of world economic output. If all international trade had been eliminated and no domestic use found for previously exported goods, world GDP would have fallen by the same amount: 9 percent. Between 1930 and 1933, the volume of world trade fell by between a third and a half. Depending on how the drop is measured, this equates to between 3 and 5 percent of global GDP, and these losses were partially offset by more expensive domestic goods. Thus, the damage caused could not have exceeded 1 or 2 percent of global GDP, or even close to the 17 percent drop seen during the Great Depression... The inescapable conclusion: Contrary to public perception, Smoot–Hawley did not cause, or even significantly deepened, the Great Depression.
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countries have experienced, we would have seen the opposite". "Finally, the chronology of events does not correspond to the thesis of the free traders... The bulk of the contraction of trade occurred between January 1930 and July 1932, that is, before the introduction of protectionist measures, even self-sufficient, in some countries, with the exception of those applied in the United States in the summer of 1930, but with negative effects. very limited. He noted that "the credit crunch is one of the main causes of the trade crunch." "In fact, international liquidity is the cause of the trade contraction. This liquidity collapsed in 1930 (−35.7%) and 1931 (−26.7%). A study by the
329: 43: 615: 663:, since exports and imports will decrease equally, for everyone, the negative effect of a decrease in exports will be offset by the expansionary effect of a decrease in imports. Therefore, a trade war does not cause a recession. Furthermore, he points out that the Smoot–Hawley tariff did not cause the Great Depression. The decline in trade between 1929 and 1933 "was almost entirely a consequence of the Depression, not a cause. Trade barriers were a response to the Depression, partly as a consequence of deflation." 652:, the period before the crisis in Europe can be considered to have been preceded by trade liberalization. The weighted average of tariffs applied to manufactured products remained practically the same as in the years before the First World War: 24.6% in 1913, compared to 24.9% in 1927. In addition, in 1928 and 1929, tariffs were reduced in almost all developed countries. Additionally, the Smoot–Hawley Tariff Act was signed by Hoover on June 17, 1930, while the Wall Street Crash occurred in the fall of 1929. 452: 3239: 3723: 794:
that only seven nations had a lower tariff level than the United States (5.1%), and eleven nations had free and dutiable tariff rates higher than the Smoot–Hawley peak of 19.8% including the United Kingdom (25.6%). The 43-country average was 14.4%, which was 0.9% higher than the U.S. level of 1929, demonstrating that few nations were reciprocating in reducing their levels as the United States reduced its own.
366:. Another contributing factor to economic growth was motorcars, trucks, and tractors replacing horses and mules. One sixth to one quarter of farmland, which had been devoted to feeding horses and mules, was freed up, contributing to a surplus in farm produce. Although nominal and real wages had increased, they did not keep up with the 355:, and to move in the opposite direction." Vast debts and reparations could be repaid only through gold, services, or goods, but the only items available on that scale were goods. However, many of the delegates' governments did the opposite; in 1928, France was the first by passing a new tariff law and quota system. 790:(GATT) moved more quickly, with an agreement signed in October 1947; in the end, the United States never signed the ITO agreement. Adding a multilateral "most-favored-nation" component to that of reciprocity, the GATT served as a framework for the gradual reduction of tariffs over the subsequent half century. 862:
or/and indentured labor under penal sanctions shall not be entitled to entry at any of the ports of the United States" with a specific exception known as the "consumptive demand exception", which allowed forced labor-based imports of goods where United States domestic production was not sufficient to
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Postwar changes to the Smoot–Hawley tariffs reflected a general tendency of the United States to reduce its tariff levels unilaterally while its trading partners retained their high levels. The American Tariff League Study of 1951 compared the free and dutiable tariff rates of 43 countries. It found
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Threats of retaliation by other countries began long before the bill was enacted into law in June 1930. As the House of Representatives passed it in May 1929, boycotts broke out, and foreign governments moved to increase rates against American products, although rates could be increased or decreased
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explains that a tariff is an expansive policy, like a devaluation, since it diverts demand from foreign to domestic producers. He points out that exports represented 7% of the GNP in 1929, fell by 1.5% of the GNP of 1929 in the following two years and the fall was offset by the increase in domestic
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Jacques Sapir explains that the crisis has other causes than protectionism. He points out that "domestic production in major industrialized countries is declining...faster than international trade is declining." If this decrease (in international trade) had been the cause of the depression that the
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In the two-volume series published by the US Bureau of the Census, "The Historical Statistics of the United States, Colonial Times to 1970, Bicentennial Edition", tariff rates have been represented in two forms. The dutiable tariff rate peak of 1932 was 59.1%, second only to the 61.7% rate of 1830.
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Most of the decline in trade was due to a plunge in GDP in the US and worldwide. However, beyond that was additional decline. Some countries protested and others also retaliated with trade restrictions and tariffs. American exports to the protesters fell 18% and exports to those who retaliated fell
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The House passed a version of the act in May 1929, increasing tariffs on agricultural and industrial goods alike. The House bill passed on a vote of 264 to 147, with 244 Republicans and 20 Democrats voting in favor of the bill. The Senate debated its bill until March 1930, with many members trading
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US imports decreased 66% from $ 4.4 billion (1929) to $ 1.5 billion (1933), and exports decreased 61% from $ 5.4 billion to $ 2.1 billion. GNP fell from $ 103.1 billion in 1929 to $ 75.8 billion in 1931 and bottomed out at $ 55.6 billion in 1933. Imports from Europe decreased from a 1929 high of $
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While Hoover joined the economists in opposing the bill, calling it "vicious, extortionate, and obnoxious" because he felt it would undermine the commitment he had pledged to international cooperation, he eventually signed the bill after he yielded to influence from his own party, his Cabinet (who
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of 1934. This act allowed the President to negotiate tariff reductions on a bilateral basis and treated such a tariff agreement as regular legislation, requiring a majority, rather than as a treaty requiring a two-thirds vote. This was one of the core components of the trade negotiating framework
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Between 1929 and 1932, real GDP fell 17% worldwide, and 26% in the United States, but most economic historians now believe that only one A minuscule part of that huge loss in both world GDP and US GDP can be attributed to tariff wars. ... At the time of Smoot–Hawley's passage, the volume of trade
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However, 63% of all imports in 1933 were not taxed, which the dutiable tariff rate does not reflect. The free and dutiable rate in 1929 was 13.5% and peaked under Smoot–Hawley in 1933 at 19.8%, one-third below the average 29.7% "free and dutiable rate" in the United States from 1821 to 1900.
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in late 1929, the main goal of the US was to protect its jobs and farmers from foreign competition. Smoot championed another tariff increase within the United States in 1929, which became the Smoot–Hawley Tariff Bill. In his memoirs, Smoot made it abundantly
377:, and although manufactured goods imports were rising, manufactured exports were rising even faster. Food exports had been falling and were in trade account deficit, but the value of food imports were a little over half of the value of manufactured imports. 724:
Unemployment was 8% in 1930 when the Smoot–Hawley Act was passed, but the new law failed to lower it. The rate jumped to 16% in 1931 and 25% in 1932–1933. There is some contention about whether this can necessarily be attributed to the tariff, however.
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In May 1930, Canada, the country's most loyal trading partner, retaliated by imposing new tariffs on 16 products that accounted altogether for around 30% of US exports to Canada. Canada later also forged closer economic links with the
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The depression worsened for workers and farmers despite Smoot and Hawley's promises of prosperity from high tariffs; consequently, Hawley lost re-nomination, while Smoot was one of 12 Republican Senators who lost their seats in the
2048: 316:. The Act prompted retaliatory tariffs by many other countries. The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the 3748: 658:
writes that protectionism does not lead to recessions. According to him, the decrease in imports (which can be obtained by introducing tariffs) has an expansive effect, that is, it is favorable to growth. Thus, in a
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then unified the two versions, largely by raising tariffs to the higher levels passed by the House. The House passed the conference bill on a vote of 222 to 153, with the support of 208 Republicans and 14 Democrats.
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H.R. 1903 (114th): To amend the Tariff Act of 1930 to eliminate the consumptive demand exception to prohibition on importation of goods made with convict labor, forced labor, or indentured labor, and for other
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1.3 billion to just $ 390 million during 1932, and US exports to Europe decreased from $ 2.3 billion in 1929 to $ 784 million in 1932. Overall, world trade decreased by some 66% between 1929 and 1934.
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highlights the predominant influence of currency instability (which led to the international liquidity crisis) and the sudden rise in transportation costs in the decline of trade during the 1930s.
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by the Senate or by the conference committee. By September 1929, Hoover's administration had received protest notes from 23 trading partners, but the threats of retaliatory actions were ignored.
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Estevadeordal, Antoni; Frantz, Brian; Taylor, Alan M. (November 2002). The Rise and Fall of World Trade, 1870–1939 (Report). Cambridge, MA: National Bureau of Economic Research.
3703: 3074: 1278:"1,028 Economists Ask Hoover To Veto Pending Tariff Bill: Professors in 179 Colleges and Other Leaders Assail Rise in Rates as Harmful to Country and Sure to Bring Reprisals" 3603: 709:, "Factory payrolls, construction contracts, and industrial production all increased sharply." However, larger economic problems loomed in the guise of weak banks. When the 53:
An Act To provide revenue, to regulate commerce with foreign countries, to encourage the industries of the United States, to protect American labor, and for other purposes.
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made news when, during a speech, she referred to the Smoot–Hawley Tariff as "the Hoot–Smalley Act", misattributed its signing to Franklin Roosevelt, and blamed it for the
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The years 1920 to 1929 are widely described, incorrectly, as years in which protectionism gained ground in Europe. In fact, from a general point of view, according to
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Prior to 2016, the Tariff Act provided that "ll goods, wares, articles, and merchandise mined, produced, or manufactured wholly or in part in any foreign country by
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Mitchener, Kris James, Kirsten Wandschneider, and Kevin Hjortshøj O'Rourke. "The Smoot–Hawley Trade War" (No. w28616. National Bureau of Economic Research, 2021)
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U.S. imports for consumption, duties collected, and ratio of duties to value, 1891–2016. U.S. imports for consumption under tariff preference programs, 1976–2016
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After World War II, that understanding supported a push towards multilateral trading agreements that would prevent similar situations in the future. While the
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Nations other than Canada that enacted retaliatory tariffs included: Cuba, Mexico, France, Italy, Spain, Argentina, Australia, New Zealand, and Switzerland.
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votes based on their states' industries. The Senate bill passed on a vote of 44 to 42, with 39 Republicans and 5 Democrats voting in favor of the bill. The
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Senator Smoot contended that raising the tariff on imports would alleviate the overproduction problem, but the United States had actually been running a
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Archibald, Robert B.; Feldman, David H. (1998), "Investment During the Great Depression: Uncertainty and the Role of the Smoot–Hawley Tariff",
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In May 1930, a petition was signed by 1,028 economists in the United States asking President Hoover to veto the legislation, organized by
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of 1932, while France and Britain protested and developed new trade partners, and Germany developed a system of trade via clearing.
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writes: "Most economists, liberal and conservative alike, doubt that Smoot Hawley had much to do with the subsequent contraction."
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McDonald, Judith; O'Brien, Anthony Patrick; Callahan, Colleen (1997), "Trade Wars: Canada's Reaction to the Smoot–Hawley Tariff",
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demand due to tariffs. He concludes that, contrary to popular argument, the contractionary effect of the tariff was small.
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of 1944 focused on foreign exchange and did not directly address tariffs, those involved wanted a similar framework for
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Crucini, Mario J.; Kahn, James (1996), "Tariffs and Aggregate Economic Activity: Lessons from the Great Depression",
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In retaliation, Canada and other countries raised their own tariffs on American goods after the bill had become law.
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Koyama, Kumiko (2009), "The Passage of the Smoot–Hawley Tariff Act: Why Did the President Sign the Bill?",
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Madsen, Jakob B. (2001), "Trade Barriers and the Collapse of World Trade during the Great Depression",
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Crucini, Mario J. (1994), "Sources of variation in real tariff rates: The United States 1900 to 1940",
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said he "almost went down on knees to beg Herbert Hoover to veto the asinine Hawley–Smoot tariff".
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The average tariff rate on dutiable imports increased from 40.1% in 1929 to 59.1% in 1932 (+19%).
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Kottman, Richard N. (1975), "Herbert Hoover and the Smoot–Hawley Tariff: Canada, A Case Study",
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was also of the opinion that the 1930 Smoot–Hawley Tariff did not cause the Great Depression.
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in April 1929, shortly before the Smoot–Hawley Tariff Act passed the House of Representatives
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The Historical Statistics of the United States, Colonial Times to 1970, Bicentennial Edition
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met at Geneva in 1927, concluding in its final report: "the time has come to put an end to
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launched this process in November 1945 with negotiations for the creation of a proposed
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By the late 1920s, the US economy had made exceptional gains in productivity because of
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The Age of Giant Corporations: A Microeconomic History of American Business, 1914–1970
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trying to convince Hoover to veto the bill, calling it "an economic stupidity", while
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calling FATCA "the worst economic idea to come out of Congress since Smoot–Hawley".
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failed in 1931, the global deficiencies of the Smoot–Hawley Tariff became apparent.
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campaign platform pledged to lower tariffs. After winning the election, President
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Changing Differences: Women and the Shaping of American Foreign Policy, 1917–1994
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Mitchener, Kris James; Wandschneider, Kirsten; O'Rourke, Kevin Hjortshøj (2021),
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Mitchener, Kris James; O'Rourke, Kevin Hjortshøj; Wandschneider, Kirsten (2022).
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and for its failure to adjust purchasing power to productive capacity during the
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The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
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below), were the second highest in United States history, exceeded by only the
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1930 U.S. trade law placing and raising tariffs on tens of thousands of imports
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mentioned the Smoot–Hawley Tariff as a response to NAFTA objections voiced by
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Imports during 1929 were only 4.2% of the US GNP, and exports were only 5.0%.
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The world is paying for its ruthless destruction of life and property in the
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Table: Series U207-212 (Part 2 ZIP file: file named CT1970p2-08.pdf).
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Congress and the Politics of U.S. Foreign Economic Policy, 1929–1976
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At first, the tariff seemed to be a success. According to historian
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U.S. Bureau of the Census; Social Science Research Council (1960),
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Section 307 of the Tariff Act of 1930, quoted in Altschuller, S.,
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Historical Statistics of the United States, Colonial Times to 1957
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Historical Statistics of the United States: Colonial Times to 1957
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U.S. Congress Finally Eliminates the Consumptive Demand Exception
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spoke against the act during his campaign for President in 1932.
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Mass Production, the Stock Market Crash and the Great Depression
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Opening America's Market: U.S. Foreign Trade Policy since 1776
1928:"Understand the WTO: The GATT years: from Havana to Marrakesh" 1037:
Opening America's Market: U.S. Foreign Trade Policy Since 1776
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Peddling Protectionism: Smoot–Hawley and the Great Depression
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Peddling Protectionism: Smoot–Hawley and the Great Depression
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Dave Barry Slept Here: a sort of history of the United States
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The tariffs under the act, excluding duty-free imports (see
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Turney, Elaine C. Prange; Northrup, Cynthia Clark (2003),
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Irwin, Douglas A.; Randall S. Kroszner (December 1996).
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Office of Analysis and Research Services (March 2017),
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meet consumer demand. The exception was removed under
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As the global economy entered the first stages of the
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Carnegie-Rochester Conference Series on Public Policy
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Birthplace and childhood home National Historic Site
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International Economics: In the Age of Globalization
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Roosevelt 2184: 1891: 1728: 1581:Economics and World History: Myths and Paradoxes 155:in the House of Representatives as H.R. 2667 by 2576: 1711:A Splendid Exchange: How trade shaped the world 797: 2628: 1487: 1461: 3969: 3270: 2680: 2602:(8th ed.), New York: G. P. Putnam's Sons 2077:, 16 February 2016, accessed 22 November 2020 2012: 1630: 1628: 1379: 1377: 1188: 1186: 1184: 1141: 896:It is also heavily featured in the 2009 book 786:As it happened, separate negotiations on the 2563:, Berkeley: University of California Press, 1876:"Graph of U.S. Unemployment Rate, 1930–1945" 1570: 1462:Brown, Wilson B.; Hogendorn, Jan S. (2000). 1356:, New York: Atlantic Monthly Press, p.  1252: 1250: 1248: 1246: 1167:. Logan, UT: Utah State Press. p. 340. 3050:Presidential Library, Museum, and gravesite 2272: 2232: 1687:. Princeton University Press. p. 116. 1034:Eckes, Alfred E. Jr.; Market, O.A. 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Rutgers University Press. p. 48. 1414: 1349: 1060: 965: 759:and the now-Democratic Congress passed 618:Average Tariff Rates in USA (1821–2016) 253:Moving Americans Privacy Protection Act 4172: 2556: 2514: 2486: 2422: 2376: 2298:The Review of Economics and Statistics 2046: 1390:. Westport: Greenwood Press. pp.  1162: 842:(FATCA), with Andrew Quinlan from the 838:The act has been compared to the 2010 788:General Agreement on Tariffs and Trade 4185:Great Depression in the United States 3957: 3258: 2668: 2606: 2354: 2339: 2288: 2254: 1959: 1840: 1828: 1781: 1734: 1680: 1634: 1556: 1554: 1547:, U.S. International Trade Commission 1533: 1531: 1383: 878: 3983: 3148:Republican National Convention, 1920 2127: 1913:Harry S. Truman Library & Museum 1129: 996: 994: 669:National Bureau of Economic Research 301:on June 17, 1930. The act raised US 27:List of tariffs in the United States 2720:United States Secretary of Commerce 2153: 1415:Steward, James B. (March 8, 2018). 1123: 827:In April 2009, then-Representative 804:North American Free Trade Agreement 764:that developed after World War II. 644:Economic analysis of the Tariff Act 13: 2766:Agricultural Marketing Act of 1929 2694: 2582:Politics, Pressures and the Tariff 1551: 1528: 840:Foreign Account Tax Compliance Act 700: 628:Protectionism in the United States 585:British Empire Economic Conference 309: 99:Tooltip Public Law (United States) 31:Protectionism in the United States 14: 4221: 2638: 2611:Lessons from the Great Depression 2105:"Ferris Bueller's Day Off (1986)" 1991:Kleefeld, Eric (April 29, 2009). 1738:Lessons from the Great Depression 1503:DeSilver, Drew (March 22, 2018). 1335:. October 7, 1985. Archived from 1309:"Economists Against Smoot–Hawley" 991: 844:Center for Freedom and Prosperity 746: 427:House Committee on Ways and Means 362:, which was a critical factor in 3759:2021 (Infrastructure, PL 117–58) 3238: 3237: 3104:The Angel of Pennsylvania Avenue 2949:Commission for Relief in Belgium 2891:State of the Union Address, 1929 2379:American Trade Policy: 1923–1995 2128:Snow, Kirstin (March 11, 2018). 2071:Global Business and Human Rights 1948:Tariffs: The Case for Protection 1635:Sapir, Jacques (March 1, 2009). 781:International Trade Organization 624:Tariffs in United States history 609: 484: One Nay and One Abstention 478: One Yea and One Abstention 324:Sponsors and legislative history 41: 23:Tariffs in United States history 4200:1930 in international relations 2660:Statute Compilations collection 2519:, Logan, UT: Utah State Press, 2517:Reed Smoot: Apostle in Politics 2147: 2121: 2097: 2080: 2059: 2040: 1984: 1953: 1940: 1920: 1900: 1885: 1865: 1846: 1806: 1775: 1762: 1701: 1606:Krugman, Paul (March 4, 2016). 1599: 1585:. University of Chicago Press. 1511: 1496: 1488:Jeffreys-Jones, Rhodri (1997). 1481: 1455: 1435: 1408: 1343: 1319: 1301: 1270: 1165:Reed Smoot: Apostle in Politics 1074:The Journal of Economic History 849: 761:Reciprocal Trade Agreements Act 305:on over 20,000 imported goods. 210:on June 13, 1930 (without 2966:American Relief Administration 2711:President of the United States 2359:, Princeton University Press, 2289:Irwin, Douglas A. (May 1998). 1708:Bernstein, William J. (2008). 1148:Beaudreau, Bernard C. (1996). 1054: 971: 932: 565: 1: 3096:Backstairs at the White House 2304:(2). The MIT Press: 326–334. 2248:10.1016/S0304-3932(96)01298-6 2235:Journal of Monetary Economics 1782:Jones, Joseph Marion (2003). 1289:. May 5, 1930. Archived from 1214:10.1016/s0167-2231(96)00023-1 978:WWS 543: Class notes, 2/17/10 925: 537:also spent an evening at the 297:, it was signed by President 279:, was a law that implemented 3749:2021 (Defense Authorization) 2983:Commission for Polish Relief 2847:U.S. occupation of Nicaragua 2818:Federal Home Loan Bank Board 2615:, Cambridge, MA: MIT Press, 2278:Research in Economic History 1880:HERB: Resources for Teachers 1857:. In Whaples, Robert (ed.). 1258:"The Battle of Smoot–Hawley" 1135:The War: the root and remedy 1003:"The Smoot–Hawley Trade War" 806:(NAFTA) then-Vice President 798:In modern political dialogue 684:William J. Bernstein wrote: 504: 7: 3754:2021 (American Rescue Plan) 2778:Reapportionment Act of 1929 2453:Journal of Economic History 2397:Journal of American History 2381:, London: Greenwood Press, 2094:, accessed 22 November 2020 1882:, retrieved April 24, 2015. 907: 71:71st United States Congress 10: 4226: 3070:Herbert C. Hoover Building 2813:Federal Home Loan Bank Act 2377:Kaplan, Edward S. (1996), 2177: 1872:Bureau of Labor Statistics 1681:Irwin, Douglas A. (2017). 1637:"Ignorants ou faussaires?" 1445:The Smoot–Hawley Trade War 1083:Cambridge University Press 914:Country-of-origin labeling 621: 434:1928 presidential election 20: 4149: 4128: 4037: 4004:Wall Street Crash of 1929 3991: 3767: 3292: 3216: 3181: 3138: 3114: 3037: 3001: 2971:Russian Famine Relief Act 2931: 2783:Wall Street Crash of 1929 2730: 2702: 2584:, New York: Prentice-Hall 2489:Southern Economic Journal 2465:10.1017/S0022050700019549 2437:10.1017/S0898030609090071 2425:Journal of Policy History 2348:NBER Working Paper Series 2187:Southern Economic Journal 1608:"The Mitt–Hawley Fallacy" 1101:10.1017/S0022050700040602 757:Franklin Delano Roosevelt 472: One Yea and One Nay 349:World Economic Conference 271:), commonly known as the 252: 247: 148: 143: 132: 127: 108: 89: 84: 76: 65: 57: 49: 40: 4210:1930 in economic history 2978:U.S. Food Administration 2852:U.S. occupation of Haiti 2338:Previously published as 2215:American Economic Review 1933:World Trade Organization 1327:"Shades of Smoot–Hawley" 919:Plant Patent Act of 1930 886:Ferris Bueller's Day Off 415:Senate Finance Committee 399:decade following the war 196:on March 24, 1930 ( 4009:Smoot-Hawley Tariff Act 3229:Franklin D. Roosevelt → 3127:English translation of 2823:Federal Home Loan Banks 2788:Smoot–Hawley Tariff Act 2557:Pastor, Robert (1980), 2515:Merill, Milton (1990), 2355:Irwin, Douglas (2011), 2310:10.1162/003465398557410 1163:Merill, Milton (1990). 769:Bretton Woods Agreement 533:. Automobile executive 226:on June 14, 1930 ( 208:agreed to by the Senate 171:Committee consideration 4024:Recession of 1937–1938 3883:1922: Fordney–McCumber 3024:Lou Henry Hoover House 2578:Schattschneider, E. E. 2255:Eckes, Alfred (1995), 1768:Bureau of the Census, 1577:Bairoch, Paul (1993). 1507:. Pew Research Center. 1384:Sobel, Robert (1972). 875:on February 24, 2016. 691: 619: 492: 425:, was chairman of the 403: 340: 186:on May 28, 1929 ( 167:) on April or May 1929 3744:2020 (Appropriations) 3734:2020 (Families First) 3724:2018 (Appropriations) 3209:(great-granddaughter) 3019:Hoover–Minthorn House 2954:University Foundation 2906:Judicial appointments 2879:Medicine Ball Cabinet 2607:Temin, Peter (1989), 2542:"Smoot–Hawley Tariff" 1770:Historical Statistics 1641:Le Monde diplomatique 1350:Chernow, Ron (1990), 1296:on February 27, 2008. 984:, February 16, 2010, 686: 617: 560:Franklin D. Roosevelt 517:, James T.F.G. Wood, 490: Two Abstentions 455:Senate vote by state 454: 395:industrial revolution 387: 375:trade account surplus 331: 4180:1930 in American law 3807:1828: "Abominations" 2808:Mexican Repatriation 2160:The Arizona Republic 1339:on October 29, 2010. 1266:. December 18, 2008. 521:, Ernest Patterson, 498:conference committee 421:, a Republican from 413:and chairman of the 175:House Ways and Means 3868:1909: Payne–Aldrich 3858:1894: Wilson–Gorman 2988:Finnish Relief Fund 2939:Sons of Gwalia mine 2859:London Naval Treaty 2803:Revenue Act of 1932 2798:Economy Act of 1932 1998:Talking Points Memo 1859:EH.Net Encyclopedia 1843:, pp. 332–333. 1785:Smoot–Hawley Tariff 821:The Larry King Show 773:international trade 728:It was only during 545:'s Chief Executive 277:Hawley–Smoot Tariff 273:Smoot–Hawley Tariff 144:Legislative history 37: 3888:1930: Smoot–Hawley 3787:1791: Hamilton III 3195:Herbert Hoover Jr. 3075:U.S. Postage stamp 3065:Hoover Institution 2771:Federal Farm Board 2645:Tariff Act of 1930 2552:on October 2, 2009 2540:O'Brien, Anthony, 2372:online book review 2274:Eichengreen, Barry 2055:on August 8, 2016. 2022:(April 29, 2009). 1970:Washington Monthly 1963:(April 30, 2009). 1802:on March 12, 2009. 1735:Temin, P. (1991). 1421:The New York Times 1313:Econ Journal Watch 1286:The New York Times 1020:10.1093/ej/ueac006 1013:(647): 2500–2533. 883:In the 1986 film, 879:In popular culture 620: 493: 341: 261:Tariff Act of 1930 214:, after motion to 36:Tariff Act of 1930 35: 4167: 4166: 3951: 3950: 3792:1792: Hamilton IV 3782:1790: Hamilton II 3679:2010 (PL 111-312) 3674:2010 (PL 111–240) 3252: 3251: 3222:← Calvin Coolidge 3099:(1979 miniseries) 2993:Hoover Commission 2864:Hoover Moratorium 2366:978-0-691-15032-1 2020:Yglesias, Matthew 1748:978-0-262-26119-7 1721:978-0-8021-4416-4 1694:978-1-4008-8842-9 1592:978-0-226-03462-1 1315:. September 2007. 1047:978-0-8078-2213-5 946:, June 17, 1930, 938:ch. 497, 46  345:League of Nations 257: 256: 206:on June 9, 1930; 194:Passed the Senate 116:ch. 497, 46  111:Statutes at Large 4217: 4205:June 1930 events 4019:Effect in cities 3985:Great Depression 3978: 3971: 3964: 3955: 3954: 3943:2018/2019: Trump 3893:1934: Reciprocal 3817:1833: Compromise 3777:1789: Hamilton I 3279: 3272: 3265: 3256: 3255: 3241: 3240: 3189:Lou Henry Hoover 3122:Freedom Betrayed 2944:Zinc Corporation 2918:Executive Orders 2869:Stimson Doctrine 2723: 2714: 2689: 2682: 2675: 2666: 2665: 2633: 2625: 2614: 2603: 2601: 2585: 2573: 2553: 2548:, archived from 2529: 2511: 2483: 2447: 2419: 2391: 2369: 2351: 2345: 2337: 2295: 2285: 2269: 2251: 2250: 2229: 2209: 2171: 2170: 2168: 2166: 2151: 2145: 2144: 2142: 2140: 2125: 2119: 2118: 2117: 2115: 2101: 2095: 2084: 2078: 2063: 2057: 2056: 2051:. Archived from 2044: 2038: 2037: 2032:. Archived from 2016: 2010: 2009: 2007: 2005: 1988: 1982: 1981: 1979: 1977: 1965:"'Hoot–Smalley'" 1957: 1951: 1946:Lloyd, Lewis E. 1944: 1938: 1936: 1924: 1918: 1917: 1904: 1898: 1897: 1889: 1883: 1869: 1863: 1862: 1850: 1844: 1838: 1832: 1826: 1820: 1818: 1810: 1804: 1803: 1798:. Archived from 1779: 1773: 1766: 1760: 1759: 1757: 1755: 1732: 1726: 1725: 1705: 1699: 1698: 1678: 1672: 1671: 1659: 1653: 1652: 1650: 1648: 1632: 1623: 1622: 1620: 1618: 1603: 1597: 1596: 1584: 1574: 1568: 1567: 1558: 1549: 1548: 1546: 1535: 1526: 1524: 1515: 1509: 1508: 1500: 1494: 1493: 1485: 1479: 1477: 1459: 1453: 1452: 1450: 1439: 1433: 1432: 1430: 1428: 1412: 1406: 1405: 1381: 1372: 1370: 1347: 1341: 1340: 1323: 1317: 1316: 1305: 1299: 1297: 1295: 1282: 1274: 1268: 1267: 1254: 1241: 1240: 1238: 1236: 1231:on July 18, 2011 1230: 1224:. 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Hawley 136:sections created 112: 100: 96: 45: 38: 34: 4225: 4224: 4220: 4219: 4218: 4216: 4215: 4214: 4170: 4169: 4168: 4163: 4145: 4124: 4033: 3987: 3982: 3952: 3947: 3928:1988: Canada FT 3878:1921: Emergency 3873:1913: Underwood 3802:1824: Sectional 3763: 3649:2007 (Mortgage) 3549:1983 (PL 98-76) 3544:1983 (PL 98-67) 3295: 3288: 3283: 3253: 3248: 3212: 3207:Margaret Hoover 3177: 3134: 3129:De re metallica 3110: 3033: 2997: 2927: 2793:National anthem 2734: 2726: 2717: 2706: 2698: 2693: 2641: 2636: 2623: 2599: 2571: 2546:EH Encyclopedia 2527: 2501:10.2307/1061574 2409:10.2307/2936217 2389: 2367: 2343: 2293: 2267: 2199:10.2307/1061208 2180: 2175: 2174: 2164: 2162: 2152: 2148: 2138: 2136: 2126: 2122: 2113: 2111: 2103: 2102: 2098: 2085: 2081: 2073:, published by 2064: 2060: 2045: 2041: 2036:on May 2, 2009. 2017: 2013: 2003: 2001: 1989: 1985: 1975: 1973: 1958: 1954: 1945: 1941: 1926: 1925: 1921: 1906: 1905: 1901: 1890: 1886: 1870: 1866: 1851: 1847: 1839: 1835: 1827: 1823: 1811: 1807: 1796: 1780: 1776: 1767: 1763: 1753: 1751: 1749: 1733: 1729: 1722: 1714:. 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Morgan 531:Clair Wilcox 523:Henry Seager 519:Frank Graham 511:Paul Douglas 508: 494: 442:in the House 431: 405:Smoot was a 404: 388: 379: 372: 368:productivity 357: 342: 307: 276: 272: 260: 258: 233: 223: 207: 203: 193: 183: 170: 152: 128:Codification 18: 4100:Netherlands 3933:1993: NAFTA 3822:1842: Black 3714:2017 (TCJA) 3689:2012 (ATRA) 3107:(1996 film) 2923:Hoover desk 2842:Banana Wars 2830:Hooverville 2722:(1921–1928) 2713:(1929–1933) 2165:December 3, 2139:December 3, 2114:December 3, 2087:GovTrack.us 1754:January 27, 1647:January 27, 1643:(in French) 1617:January 27, 1427:November 7, 1235:January 17, 955:§ 1654 737:Monetarists 694:Peter Temin 566:Retaliation 539:White House 432:During the 335:(left) and 4174:Categories 4136:Bonus Army 4038:By country 3898:1948: GATT 3719:2018 (BBA) 3704:2015 (BBA) 3669:2010 (ACA) 3409:1940 (2nd) 3009:Early life 2884:Hooverball 2835:Bonus Army 2761:Hoover Dam 2746:Transition 2732:Presidency 1841:Irwin 1998 1829:Eckes 1995 1772:series F-1 926:References 902:Dave Barry 812:Ross Perot 753:Democratic 739:, such as 535:Henry Ford 446:the Senate 407:Republican 337:Reed Smoot 288:Reed Smoot 153:Introduced 90:Public law 50:Long title 4050:Australia 4045:Argentina 4014:Dust Bowl 3938:1994: WTO 3569:1986 Code 3469:1954 Code 3399:1939 Code 3140:Elections 2655:) in the 2481:154380335 2445:154415038 2318:0034-6535 1222:154857884 1117:145691938 1087:CiteSeerX 988:, slide 4 891:Ben Stein 865:Wisconsin 814:during a 751:The 1932 661:trade war 505:Opponents 436:, one of 391:World War 265:19 U.S.C. 85:Citations 77:Effective 58:Nicknames 4154:Category 4141:New Deal 4029:Timeline 3294:Internal 3243:Category 2737:timeline 2593:(1931), 2580:(1935), 2334:57562207 2134:pennlive 2092:purposes 1133:(1941). 908:See also 869:Ron Kind 583:via the 216:recommit 212:division 4159:Commons 4105:Romania 4075:Germany 3908:1974/75 3769:Tariffs 3539:Gas Tax 3296:Revenue 2874:Cabinet 2653:details 2509:1061574 2473:2951161 2417:2936217 2326:2646642 2227:2118081 2207:1061208 2178:Sources 1109:2123771 1085:: 144. 858:or/and 808:Al Gore 783:(ITO). 715:Austria 397:of the 370:gains. 353:tariffs 303:tariffs 285:Senator 228:222–153 218:failed 188:264–147 95:Pub. 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Index

Tariffs in United States history
List of tariffs in the United States
Protectionism in the United States
Great Seal of the United States
71st United States Congress
Pub. L.
71–361
Statutes at Large
Stat.
590
U.S.C.
Willis C. Hawley
R
OR
House Ways and Means
Senate Finance
264–147
53–31
division
recommit
42–44
222–153
Herbert Hoover
19 U.S.C.
ch. 4
protectionist
Senator
Reed Smoot
Representative
Willis C. Hawley

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