Changes

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]]. See [[Debt Deflation Hypothesis]].

[[Category:Economics]]

[[Category:1920s]]

[[Category:Business]]

[[Category:Business]]

[[Category:Taxation]]

[[Category:Taxation]]