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Smoot-Hawley Tariff (view source)
Revision as of 21:05, December 14, 2009
, 21:05, December 14, 2009no edit summary
The '''Hawley-Smoot Tariff''' was a high U.S. tariff enacted in 1930. It raised tariffs on imports to protect American manufacturers. It is criticized by nearly all economists as a huge mistake; many consider it partly responsible for the [[Great Depression]]. Modern economics, however, places greater blame for the Great Depression on the inaction of the [[Federal Reserve]]. See [[Debt Deflation Hypothesis]].
The '''Hawley-Smoot Tariff''' was a high U.S. tariff enacted in 1930. It raised tariffs on imports to protect American manufacturers. It is criticized by nearly all economists as a huge mistake; many consider it partly responsible for the [[Great Depression]]. Modern economics, however, places greater blame for the Great Depression on the inaction of the [[Federal Reserve]]. See [[Debt Deflation Hypothesis]].
[[Category:Economics]]
[[Category:Economics]]
[[Category:Business]]
[[Category:Business]]
[[Category:Taxation]]
[[Category:Taxation]]