Difference between revisions of "Smoot-Hawley Tariff"
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m (moved Hawley-Smoot Tariff to Smoot-Hawley Tariff: 5 times as many Google hits) |
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Revision as of 13:53, January 20, 2010
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.