Difference between revisions of "Smoot-Hawley Tariff"
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| − | 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 | + | 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]]. See [[Debt Deflation Hypothesis]]. |
| − | [[Category: | + | [[Category:1920s]] |
[[Category:Business]] | [[Category:Business]] | ||
[[Category:Taxation]] | [[Category:Taxation]] | ||
Revision as of 21:20, 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. See Debt Deflation Hypothesis.