Difference between revisions of "Smoot-Hawley Tariff"
From Conservapedia
m |
m |
||
| Line 1: | Line 1: | ||
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]] | ||
Revision as of 21:05, December 14, 2009
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.
