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Smoot–Hawley Tariff Act

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represented only about 9% of world economic output. If all international trade had been eliminated and no domestic use found for previously exported goods, world GDP would have fallen by the same amount: 9 percent. Between 1930 and 1933, the volume of world trade fell by between a third and a half. Depending on how the drop is measured, this equates to between 3 and 5 percent of global GDP, and these losses were partially offset by more expensive domestic goods. Thus, the damage caused could not have exceeded 1 or 2 percent of global GDP, or even close to the 17 percent drop seen during the Great Depression... The inescapable conclusion: Contrary to public perception, Smoot–Hawley did not cause, or even significantly deepened, the Great Depression.
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countries have experienced, we would have seen the opposite". "Finally, the chronology of events does not correspond to the thesis of the free traders... The bulk of the contraction of trade occurred between January 1930 and July 1932, that is, before the introduction of protectionist measures, even self-sufficient, in some countries, with the exception of those applied in the United States in the summer of 1930, but with negative effects. very limited. He noted that "the credit crunch is one of the main causes of the trade crunch." "In fact, international liquidity is the cause of the trade contraction. This liquidity collapsed in 1930 (−35.7%) and 1931 (−26.7%). A study by the
340: 54: 2942: 623: 671:, since exports and imports will decrease equally, for everyone, the negative effect of a decrease in exports will be offset by the expansionary effect of a decrease in imports. Therefore, a trade war does not cause a recession. Furthermore, he points out that the Smoot–Hawley tariff did not cause the Great Depression. The decline in trade between 1929 and 1933 "was almost entirely a consequence of the Depression, not a cause. Trade barriers were a response to the Depression, partly as a consequence of deflation." 660:, the period before the crisis in Europe can be considered to have been preceded by trade liberalization. The weighted average of tariffs applied to manufactured products remained practically the same as in the years before the First World War: 24.6% in 1913, compared to 24.9% in 1927. In addition, in 1928 and 1929, tariffs were reduced in almost all developed countries. Additionally, the Smoot–Hawley Tariff Act was signed by Hoover on June 17, 1930, while the Wall Street Crash occurred in the fall of 1929. 463: 2935: 3257: 3741: 799:
that only seven nations had a lower tariff level than the United States (5.1%), and eleven nations had free and dutiable tariff rates higher than the Smoot–Hawley peak of 19.8% including the United Kingdom (25.6%). The 43-country average was 14.4%, which was 0.9% higher than the U.S. level of 1929, demonstrating that few nations were reciprocating in reducing their levels as the United States reduced its own.
377:. Another contributing factor to economic growth was motorcars, trucks, and tractors replacing horses and mules. One sixth to one quarter of farmland, which had been devoted to feeding horses and mules, was freed up, contributing to a surplus in farm produce. Although nominal and real wages had increased, they did not keep up with the 366:, and to move in the opposite direction." Vast debts and reparations could be repaid only through gold, services, or goods, but the only items available on that scale were goods. However, many of the delegates' governments did the opposite; in 1928, France was the first by passing a new tariff law and quota system. 795:(GATT) moved more quickly, with an agreement signed in October 1947; in the end, the United States never signed the ITO agreement. Adding a multilateral "most-favored-nation" component to that of reciprocity, the GATT served as a framework for the gradual reduction of tariffs over the subsequent half century. 867:
or/and indentured labor under penal sanctions shall not be entitled to entry at any of the ports of the United States" with a specific exception known as the "consumptive demand exception", which allowed forced labor-based imports of goods where United States domestic production was not sufficient to
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Postwar changes to the Smoot–Hawley tariffs reflected a general tendency of the United States to reduce its tariff levels unilaterally while its trading partners retained their high levels. The American Tariff League Study of 1951 compared the free and dutiable tariff rates of 43 countries. It found
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Threats of retaliation by other countries began long before the bill was enacted into law in June 1930. As the House of Representatives passed it in May 1929, boycotts broke out, and foreign governments moved to increase rates against American products, although rates could be increased or decreased
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explains that a tariff is an expansive policy, like a devaluation, since it diverts demand from foreign to domestic producers. He points out that exports represented 7% of the GNP in 1929, fell by 1.5% of the GNP of 1929 in the following two years and the fall was offset by the increase in domestic
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Jacques Sapir explains that the crisis has other causes than protectionism. He points out that "domestic production in major industrialized countries is declining...faster than international trade is declining." If this decrease (in international trade) had been the cause of the depression that the
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In the two-volume series published by the US Bureau of the Census, "The Historical Statistics of the United States, Colonial Times to 1970, Bicentennial Edition", tariff rates have been represented in two forms. The dutiable tariff rate peak of 1932 was 59.1%, second only to the 61.7% rate of 1830.
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Most of the decline in trade was due to a plunge in GDP in the US and worldwide. However, beyond that was additional decline. Some countries protested and others also retaliated with trade restrictions and tariffs. American exports to the protesters fell 18% and exports to those who retaliated fell
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The House passed a version of the act in May 1929, increasing tariffs on agricultural and industrial goods alike. The House bill passed on a vote of 264 to 147, with 244 Republicans and 20 Democrats voting in favor of the bill. The Senate debated its bill until March 1930, with many members trading
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US imports decreased 66% from $ 4.4 billion (1929) to $ 1.5 billion (1933), and exports decreased 61% from $ 5.4 billion to $ 2.1 billion. GNP fell from $ 103.1 billion in 1929 to $ 75.8 billion in 1931 and bottomed out at $ 55.6 billion in 1933. Imports from Europe decreased from a 1929 high of $
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While Hoover joined the economists in opposing the bill, calling it "vicious, extortionate, and obnoxious" because he felt it would undermine the commitment he had pledged to international cooperation, he eventually signed the bill after he yielded to influence from his own party, his Cabinet (who
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of 1934. This act allowed the President to negotiate tariff reductions on a bilateral basis and treated such a tariff agreement as regular legislation, requiring a majority, rather than as a treaty requiring a two-thirds vote. This was one of the core components of the trade negotiating framework
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Between 1929 and 1932, real GDP fell 17% worldwide, and 26% in the United States, but most economic historians now believe that only one A minuscule part of that huge loss in both world GDP and US GDP can be attributed to tariff wars. ... At the time of Smoot–Hawley's passage, the volume of trade
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However, 63% of all imports in 1933 were not taxed, which the dutiable tariff rate does not reflect. The free and dutiable rate in 1929 was 13.5% and peaked under Smoot–Hawley in 1933 at 19.8%, one-third below the average 29.7% "free and dutiable rate" in the United States from 1821 to 1900.
331:. Economists and economic historians have a consensus view that the passage of the Smoot–Hawley Tariff worsened the effects of the Great Depression. Douglas A. Irwin argued in 2011 that its negative impacts have been real but too often have been exaggerated by economic historians. 395:
in late 1929, the main goal of the US was to protect its jobs and farmers from foreign competition. Smoot championed another tariff increase within the United States in 1929, which became the Smoot–Hawley Tariff Bill. In his memoirs, Smoot made it abundantly
388:, and although manufactured goods imports were rising, manufactured exports were rising even faster. Food exports had been falling and were in trade account deficit, but the value of food imports were a little over half of the value of manufactured imports. 729:
Unemployment was 8% in 1930 when the Smoot–Hawley Act was passed, but the new law failed to lower it. The rate jumped to 16% in 1931 and 25% in 1932–1933. There is some contention about whether this can necessarily be attributed to the tariff, however.
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was also of the opinion that the 1930 Smoot–Hawley Tariff did not cause the Great Depression. Douglas A. Irwin writes: "Most economists, liberal and conservative alike, doubt that Smoot Hawley had much to do with the subsequent contraction."
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In May 1930, Canada, the country's most loyal trading partner, retaliated by imposing new tariffs on 16 products that accounted altogether for around 30% of US exports to Canada. Canada later also forged closer economic links with the
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The depression worsened for workers and farmers despite Smoot and Hawley's promises of prosperity from high tariffs; consequently, Hawley lost re-nomination, while Smoot was one of 12 Republican Senators who lost their seats in the
2050: 327:. The Act prompted retaliatory tariffs by Canada and others The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the 3766: 666:
writes that protectionism does not lead to recessions. According to him, the decrease in imports (which can be obtained by introducing tariffs) has an expansive effect, that is, it is favorable to growth. Thus, in a
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then unified the two versions, largely by raising tariffs to the higher levels passed by the House. The House passed the conference bill on a vote of 222 to 153, with the support of 208 Republicans and 14 Democrats.
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H.R. 1903 (114th): To amend the Tariff Act of 1930 to eliminate the consumptive demand exception to prohibition on importation of goods made with convict labor, forced labor, or indentured labor, and for other
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1.3 billion to just $ 390 million during 1932, and US exports to Europe decreased from $ 2.3 billion in 1929 to $ 784 million in 1932. Overall, world trade decreased by some 66% between 1929 and 1934.
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highlights the predominant influence of currency instability (which led to the international liquidity crisis) and the sudden rise in transportation costs in the decline of trade during the 1930s.
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by the Senate or by the conference committee. By September 1929, Hoover's administration had received protest notes from 23 trading partners, but the threats of retaliatory actions were ignored.
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Estevadeordal, Antoni; Frantz, Brian; Taylor, Alan M. (November 2002). The Rise and Fall of World Trade, 1870–1939 (Report). Cambridge, MA: National Bureau of Economic Research.
3721: 3092: 1280:"1,028 Economists Ask Hoover To Veto Pending Tariff Bill: Professors in 179 Colleges and Other Leaders Assail Rise in Rates as Harmful to Country and Sure to Bring Reprisals" 3621: 714:, "Factory payrolls, construction contracts, and industrial production all increased sharply." However, larger economic problems loomed in the guise of weak banks. When the 64:
An Act To provide revenue, to regulate commerce with foreign countries, to encourage the industries of the United States, to protect American labor, and for other purposes.
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made news when, during a speech, she referred to the Smoot–Hawley Tariff as "the Hoot–Smalley Act", misattributed its signing to Franklin Roosevelt, and blamed it for the
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The years 1920 to 1929 are widely described, incorrectly, as years in which protectionism gained ground in Europe. In fact, from a general point of view, according to
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Prior to 2016, the Tariff Act provided that "ll goods, wares, articles, and merchandise mined, produced, or manufactured wholly or in part in any foreign country by
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Mitchener, Kris James, Kirsten Wandschneider, and Kevin Hjortshøj O'Rourke. "The Smoot–Hawley Trade War" (No. w28616. National Bureau of Economic Research, 2021)
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U.S. imports for consumption, duties collected, and ratio of duties to value, 1891–2016. U.S. imports for consumption under tariff preference programs, 1976–2016
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After World War II, that understanding supported a push towards multilateral trading agreements that would prevent similar situations in the future. While the
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votes based on their states' industries. The Senate bill passed on a vote of 44 to 42, with 39 Republicans and 5 Democrats voting in favor of the bill. The
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Senator Smoot contended that raising the tariff on imports would alleviate the overproduction problem, but the United States had actually been running a
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Archibald, Robert B.; Feldman, David H. (1998), "Investment During the Great Depression: Uncertainty and the Role of the Smoot–Hawley Tariff",
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In May 1930, a petition was signed by 1,028 economists in the United States asking President Hoover to veto the legislation, organized by
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of 1932, while France and Britain protested and developed new trade partners, and Germany developed a system of trade via clearing.
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McDonald, Judith; O'Brien, Anthony Patrick; Callahan, Colleen (1997), "Trade Wars: Canada's Reaction to the Smoot–Hawley Tariff",
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demand due to tariffs. He concludes that, contrary to popular argument, the contractionary effect of the tariff was small.
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of 1944 focused on foreign exchange and did not directly address tariffs, those involved wanted a similar framework for
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Crucini, Mario J.; Kahn, James (1996), "Tariffs and Aggregate Economic Activity: Lessons from the Great Depression",
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In retaliation, Canada and other countries raised their own tariffs on American goods after the bill had become law.
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Koyama, Kumiko (2009), "The Passage of the Smoot–Hawley Tariff Act: Why Did the President Sign the Bill?",
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Madsen, Jakob B. (2001), "Trade Barriers and the Collapse of World Trade during the Great Depression",
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Crucini, Mario J. (1994), "Sources of variation in real tariff rates: The United States 1900 to 1940",
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said he "almost went down on knees to beg Herbert Hoover to veto the asinine Hawley–Smoot tariff".
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The average tariff rate on dutiable imports increased from 40.1% in 1929 to 59.1% in 1932 (+19%).
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Kottman, Richard N. (1975), "Herbert Hoover and the Smoot–Hawley Tariff: Canada, A Case Study",
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in April 1929, shortly before the Smoot–Hawley Tariff Act passed the House of Representatives
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The Historical Statistics of the United States, Colonial Times to 1970, Bicentennial Edition
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met at Geneva in 1927, concluding in its final report: "the time has come to put an end to
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launched this process in November 1945 with negotiations for the creation of a proposed
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By the late 1920s, the US economy had made exceptional gains in productivity because of
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The Age of Giant Corporations: A Microeconomic History of American Business, 1914–1970
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trying to convince Hoover to veto the bill, calling it "an economic stupidity", while
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calling FATCA "the worst economic idea to come out of Congress since Smoot–Hawley".
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failed in 1931, the global deficiencies of the Smoot–Hawley Tariff became apparent.
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campaign platform pledged to lower tariffs. After winning the election, President
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Changing Differences: Women and the Shaping of American Foreign Policy, 1917–1994
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Mitchener, Kris James; Wandschneider, Kirsten; O'Rourke, Kevin Hjortshøj (2021),
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Mitchener, Kris James; O'Rourke, Kevin Hjortshøj; Wandschneider, Kirsten (2022).
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and for its failure to adjust purchasing power to productive capacity during the
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The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
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below), were the second highest in United States history, exceeded by only the
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1930 U.S. trade law placing and raising tariffs on tens of thousands of imports
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mentioned the Smoot–Hawley Tariff as a response to NAFTA objections voiced by
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Imports during 1929 were only 4.2% of the US GNP, and exports were only 5.0%.
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The world is paying for its ruthless destruction of life and property in the
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Table: Series U207-212 (Part 2 ZIP file: file named CT1970p2-08.pdf).
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Congress and the Politics of U.S. Foreign Economic Policy, 1929–1976
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At first, the tariff seemed to be a success. According to historian
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U.S. Bureau of the Census; Social Science Research Council (1960),
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Section 307 of the Tariff Act of 1930, quoted in Altschuller, S.,
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Historical Statistics of the United States, Colonial Times to 1957
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Historical Statistics of the United States: Colonial Times to 1957
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U.S. Congress Finally Eliminates the Consumptive Demand Exception
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spoke against the act during his campaign for President in 1932.
2132:"How 'Ferris Bueller's Day Off' prepared us for Trump's tariffs" 1657: 1152:
Mass Production, the Stock Market Crash and the Great Depression
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Opening America's Market: U.S. Foreign Trade Policy since 1776
1930:"Understand the WTO: The GATT years: from Havana to Marrakesh" 1039:
Opening America's Market: U.S. Foreign Trade Policy Since 1776
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Peddling Protectionism: Smoot–Hawley and the Great Depression
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Peddling Protectionism: Smoot–Hawley and the Great Depression
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Dave Barry Slept Here: a sort of history of the United States
2278:(1989), "The Political Economy of the Smoot–Hawley Tariff", 1952:. The Devin-Adair Co., 1955, Appendix, Table VI, pp. 188–189 319:
The tariffs under the act, excluding duty-free imports (see
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Turney, Elaine C. Prange; Northrup, Cynthia Clark (2003),
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Irwin, Douglas A.; Randall S. Kroszner (December 1996).
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Office of Analysis and Research Services (March 2017),
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meet consumer demand. The exception was removed under
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As the global economy entered the first stages of the
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Carnegie-Rochester Conference Series on Public Policy
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Birthplace and childhood home National Historic Site
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International Economics: In the Age of Globalization
2261:, Chapel Hill: University of North Carolina Press, 1154:. New York, Lincoln, Shanghi: Authors Choice Press. 807:In the discussion leading up to the passage of the 334: 2633:Tariffs and Trade in U.S. History: An Encyclopedia 2610: 2352:, National Bureau of Economic Research, March 1996 1896:A monetary history of the United States, 1867–1960 1894:Friedman, Milton; Schwartz, Anna Jacobson (1963). 1743:. Lionel Robbins Lectures. MIT Press. p. 46. 1580: 1453:, National Bureau of Economic Research, No. w28616 964: 294:trade policies in the United States. Sponsored by 105: 2588:– Classic study of passage of Hawley–Smoot Tariff 1819:, Washington, DC: Govt. Print. Office, p. 70 1676: 564:had threatened to resign), and business leaders. 4189: 2903:Presidential transition of Franklin D. Roosevelt 2186: 1893: 1730: 1583:Economics and World History: Myths and Paradoxes 166:in the House of Representatives as H.R. 2667 by 2578: 1713:A Splendid Exchange: How trade shaped the world 802: 2630: 1489: 1463: 3987: 3288: 2682: 2604:(8th ed.), New York: G. P. Putnam's Sons 2079:, 16 February 2016, accessed 22 November 2020 2014: 1632: 1630: 1381: 1379: 1190: 1188: 1186: 1143: 901:It is also heavily featured in the 2009 book 791:As it happened, separate negotiations on the 2565:, Berkeley: University of California Press, 1878:"Graph of U.S. Unemployment Rate, 1930–1945" 1572: 1464:Brown, Wilson B.; Hogendorn, Jan S. (2000). 1358:, New York: Atlantic Monthly Press, p.  1254: 1252: 1250: 1248: 1169:. Logan, UT: Utah State Press. p. 340. 3068:Presidential Library, Museum, and gravesite 2274: 2234: 1689:. Princeton University Press. p. 116. 1036:Eckes, Alfred E. Jr.; Market, O.A. (1995). 1035: 4208:United States federal taxation legislation 3994: 3980: 3304:United States federal taxation legislation 3295: 3281: 2689: 2675: 1857:"The American Economy during World War II" 1855:Tassava, Christopher (February 10, 2008). 1627: 1425:. No. International edition. New York 1376: 1183: 215:Reported by the joint conference committee 2248: 1790:. U.S. Department of State. Garland Pub. 1709: 1245: 1149: 1092: 1029: 1020: 3186:1928 United States presidential election 2020: 1992: 1504: 1158: 621: 461: 338: 72:Hawley–Smoot Tariff, Smoot–Hawley Tariff 4213:United States federal trade legislation 3073:Hoover Institution Library and Archives 2977:Belgian American Educational Foundation 2598:The Tariff History of the United States 2591: 2541: 2396: 2214: 2049:Jatras, James George (April 23, 2013). 1854: 1607: 1578: 1494:. Rutgers University Press. p. 48. 1416: 1351: 1062: 970: 764:and the now-Democratic Congress passed 626:Average Tariff Rates in USA (1821–2016) 264:Moving Americans Privacy Protection Act 14: 4190: 2558: 2516: 2488: 2424: 2378: 2300:The Review of Economics and Statistics 2048: 1392:. Westport: Greenwood Press. pp.  1164: 847:(FATCA), with Andrew Quinlan from the 843:The act has been compared to the 2010 793:General Agreement on Tariffs and Trade 4203:Great Depression in the United States 3975: 3276: 2670: 2608: 2356: 2341: 2290: 2256: 1961: 1842: 1830: 1783: 1736: 1682: 1636: 1558: 1556: 1549:, U.S. International Trade Commission 1535: 1533: 1385: 883: 4001: 3166:Republican National Convention, 1920 2129: 1915:Harry S. Truman Library & Museum 1131: 677:National Bureau of Economic Research 312:on June 17, 1930. The act raised US 38:List of tariffs in the United States 2722:United States Secretary of Commerce 2155: 1417:Steward, James B. (March 8, 2018). 1125: 832:In April 2009, then-Representative 809:North American Free Trade Agreement 769:that developed after World War II. 652:Economic analysis of the Tariff Act 24: 2768:Agricultural Marketing Act of 1929 2696: 2584:Politics, Pressures and the Tariff 1553: 1530: 845:Foreign Account Tax Compliance Act 705: 636:Protectionism in the United States 596:British Empire Economic Conference 320: 110:Tooltip Public Law (United States) 42:Protectionism in the United States 25: 4239: 2640: 2613:Lessons from the Great Depression 2107:"Ferris Bueller's Day Off (1986)" 1993:Kleefeld, Eric (April 29, 2009). 1740:Lessons from the Great Depression 1505:DeSilver, Drew (March 22, 2018). 1337:. October 7, 1985. Archived from 1311:"Economists Against Smoot–Hawley" 849:Center for Freedom and Prosperity 751: 438:House Committee on Ways and Means 373:, which was a critical factor in 3777:2021 (Infrastructure, PL 117–58) 3256: 3255: 3122:The Angel of Pennsylvania Avenue 2967:Commission for Relief in Belgium 2940: 2933: 2893:State of the Union Address, 1929 2381:American Trade Policy: 1923–1995 2130:Snow, Kirstin (March 11, 2018). 2073:Global Business and Human Rights 1950:Tariffs: The Case for Protection 1637:Sapir, Jacques (March 1, 2009). 786:International Trade Organization 632:Tariffs in United States history 617: 495: One Nay and One Abstention 489: One Yea and One Abstention 335:Sponsors and legislative history 52: 34:Tariffs in United States history 4218:1930 in international relations 2662:Statute Compilations collection 2521:, Logan, UT: Utah State Press, 2519:Reed Smoot: Apostle in Politics 2149: 2123: 2099: 2082: 2061: 2042: 1986: 1955: 1942: 1922: 1902: 1887: 1867: 1848: 1808: 1777: 1764: 1703: 1608:Krugman, Paul (March 4, 2016). 1601: 1587:. University of Chicago Press. 1513: 1498: 1490:Jeffreys-Jones, Rhodri (1997). 1483: 1457: 1437: 1410: 1345: 1321: 1303: 1272: 1167:Reed Smoot: Apostle in Politics 1076:The Journal of Economic History 854: 766:Reciprocal Trade Agreements Act 316:on over 20,000 imported goods. 221:on June 13, 1930 (without 2984:American Relief Administration 2713:President of the United States 2361:, Princeton University Press, 2291:Irwin, Douglas A. (May 1998). 1710:Bernstein, William J. (2008). 1150:Beaudreau, Bernard C. (1996). 1056: 996: 976: 937: 576: 13: 1: 3114:Backstairs at the White House 2306:(2). The MIT Press: 326–334. 2250:10.1016/S0304-3932(96)01298-6 2237:Journal of Monetary Economics 1784:Jones, Joseph Marion (2003). 1291:. May 5, 1930. Archived from 1216:10.1016/s0167-2231(96)00023-1 983:WWS 543: Class notes, 2/17/10 930: 548:also spent an evening at the 308:, it was signed by President 290:, was a law that implemented 3767:2021 (Defense Authorization) 3001:Commission for Polish Relief 2849:U.S. occupation of Nicaragua 2820:Federal Home Loan Bank Board 2617:, Cambridge, MA: MIT Press, 2280:Research in Economic History 1882:HERB: Resources for Teachers 1859:. In Whaples, Robert (ed.). 1260:"The Battle of Smoot–Hawley" 1137:The War: the root and remedy 1005:"The Smoot–Hawley Trade War" 811:(NAFTA) then-Vice President 803:In modern political dialogue 689:William J. Bernstein wrote: 515: 7: 3772:2021 (American Rescue Plan) 2780:Reapportionment Act of 1929 2455:Journal of Economic History 2399:Journal of American History 2383:, London: Greenwood Press, 2096:, accessed 22 November 2020 1884:, retrieved April 24, 2015. 912: 82:71st United States Congress 10: 4244: 3088:Herbert C. Hoover Building 2815:Federal Home Loan Bank Act 2379:Kaplan, Edward S. (1996), 2179: 1874:Bureau of Labor Statistics 1683:Irwin, Douglas A. (2017). 1639:"Ignorants ou faussaires?" 1447:The Smoot–Hawley Trade War 1085:Cambridge University Press 919:Country-of-origin labeling 629: 445:1928 presidential election 31: 4167: 4146: 4055: 4022:Wall Street Crash of 1929 4009: 3785: 3310: 3234: 3199: 3156: 3132: 3055: 3019: 2989:Russian Famine Relief Act 2949: 2931: 2785:Wall Street Crash of 1929 2732: 2704: 2586:, New York: Prentice-Hall 2491:Southern Economic Journal 2467:10.1017/S0022050700019549 2439:10.1017/S0898030609090071 2427:Journal of Policy History 2350:NBER Working Paper Series 2189:Southern Economic Journal 1610:"The Mitt–Hawley Fallacy" 1103:10.1017/S0022050700040602 762:Franklin Delano Roosevelt 483: One Yea and One Nay 360:World Economic Conference 282:), commonly known as the 263: 258: 159: 154: 143: 138: 119: 100: 95: 87: 76: 68: 60: 51: 4228:1930 in economic history 2996:U.S. Food Administration 2854:U.S. occupation of Haiti 2340:Previously published as 2217:American Economic Review 1935:World Trade Organization 1329:"Shades of Smoot–Hawley" 924:Plant Patent Act of 1930 891:Ferris Bueller's Day Off 426:Senate Finance Committee 410:decade following the war 207:on March 24, 1930 ( 4027:Smoot-Hawley Tariff Act 3247:Franklin D. Roosevelt → 3145:English translation of 2825:Federal Home Loan Banks 2790:Smoot–Hawley Tariff Act 2559:Pastor, Robert (1980), 2517:Merill, Milton (1990), 2357:Irwin, Douglas (2011), 2312:10.1162/003465398557410 1165:Merill, Milton (1990). 774:Bretton Woods Agreement 544:. Automobile executive 237:on June 14, 1930 ( 219:agreed to by the Senate 182:Committee consideration 4042:Recession of 1937–1938 3901:1922: Fordney–McCumber 3042:Lou Henry Hoover House 2580:Schattschneider, E. E. 2257:Eckes, Alfred (1995), 1770:Bureau of the Census, 1579:Bairoch, Paul (1993). 1509:. Pew Research Center. 1386:Sobel, Robert (1972). 880:on February 24, 2016. 696: 627: 503: 436:, was chairman of the 414: 351: 197:on May 28, 1929 ( 178:) on April or May 1929 3762:2020 (Appropriations) 3752:2020 (Families First) 3742:2018 (Appropriations) 3227:(great-granddaughter) 3037:Hoover–Minthorn House 2972:University Foundation 2908:Judicial appointments 2881:Medicine Ball Cabinet 2609:Temin, Peter (1989), 2544:"Smoot–Hawley Tariff" 1772:Historical Statistics 1643:Le Monde diplomatique 1352:Chernow, Ron (1990), 1298:on February 27, 2008. 989:, February 16, 2010, 691: 625: 571:Franklin D. Roosevelt 528:, James T.F.G. Wood, 501: Two Abstentions 466:Senate vote by state 465: 406:industrial revolution 398: 386:trade account surplus 342: 4198:1930 in American law 3825:1828: "Abominations" 2810:Mexican Repatriation 2162:The Arizona Republic 1341:on October 29, 2010. 1268:. December 18, 2008. 532:, Ernest Patterson, 509:conference committee 432:, a Republican from 424:and chairman of the 186:House Ways and Means 3886:1909: Payne–Aldrich 3876:1894: Wilson–Gorman 3006:Finnish Relief Fund 2957:Sons of Gwalia mine 2861:London Naval Treaty 2805:Revenue Act of 1932 2800:Economy Act of 1932 2000:Talking Points Memo 1861:EH.Net Encyclopedia 1845:, pp. 332–333. 1787:Smoot–Hawley Tariff 826:The Larry King Show 778:international trade 733:It was only during 556:'s Chief Executive 288:Hawley–Smoot Tariff 284:Smoot–Hawley Tariff 155:Legislative history 48: 3906:1930: Smoot–Hawley 3805:1791: Hamilton III 3213:Herbert Hoover Jr. 3093:U.S. Postage stamp 3083:Hoover Institution 2773:Federal Farm Board 2647:Tariff Act of 1930 2554:on October 2, 2009 2542:O'Brien, Anthony, 2374:online book review 2276:Eichengreen, Barry 2057:on August 8, 2016. 2024:(April 29, 2009). 1972:Washington Monthly 1965:(April 30, 2009). 1804:on March 12, 2009. 1737:Temin, P. (1991). 1423:The New York Times 1315:Econ Journal Watch 1288:The New York Times 1022:10.1093/ej/ueac006 1015:(647): 2500–2533. 888:In the 1986 film, 884:In popular culture 628: 504: 352: 272:Tariff Act of 1930 225:, after motion to 47:Tariff Act of 1930 46: 18:Tariff Act of 1930 4185: 4184: 3969: 3968: 3810:1792: Hamilton IV 3800:1790: Hamilton II 3697:2010 (PL 111-312) 3692:2010 (PL 111–240) 3270: 3269: 3240:← Calvin Coolidge 3117:(1979 miniseries) 3011:Hoover Commission 2866:Hoover Moratorium 2368:978-0-691-15032-1 2022:Yglesias, Matthew 1750:978-0-262-26119-7 1723:978-0-8021-4416-4 1696:978-1-4008-8842-9 1594:978-0-226-03462-1 1317:. September 2007. 1049:978-0-8078-2213-5 951:, June 17, 1930, 943:ch. 497, 46  356:League of Nations 268: 267: 217:on June 9, 1930; 205:Passed the Senate 127:ch. 497, 46  122:Statutes at Large 16:(Redirected from 4235: 4223:June 1930 events 4037:Effect in cities 4003:Great Depression 3996: 3989: 3982: 3973: 3972: 3961:2018/2019: Trump 3911:1934: Reciprocal 3835:1833: Compromise 3795:1789: Hamilton I 3297: 3290: 3283: 3274: 3273: 3259: 3258: 3207:Lou Henry Hoover 3140:Freedom Betrayed 2962:Zinc Corporation 2944: 2937: 2920:Executive Orders 2871:Stimson Doctrine 2725: 2716: 2691: 2684: 2677: 2668: 2667: 2635: 2627: 2616: 2605: 2603: 2587: 2575: 2555: 2550:, archived from 2531: 2513: 2485: 2449: 2421: 2393: 2371: 2353: 2347: 2339: 2297: 2287: 2271: 2253: 2252: 2231: 2211: 2173: 2172: 2170: 2168: 2153: 2147: 2146: 2144: 2142: 2127: 2121: 2120: 2119: 2117: 2103: 2097: 2086: 2080: 2065: 2059: 2058: 2053:. Archived from 2046: 2040: 2039: 2034:. Archived from 2018: 2012: 2011: 2009: 2007: 1990: 1984: 1983: 1981: 1979: 1967:"'Hoot–Smalley'" 1959: 1953: 1948:Lloyd, Lewis E. 1946: 1940: 1938: 1926: 1920: 1919: 1906: 1900: 1899: 1891: 1885: 1871: 1865: 1864: 1852: 1846: 1840: 1834: 1828: 1822: 1820: 1812: 1806: 1805: 1800:. Archived from 1781: 1775: 1768: 1762: 1761: 1759: 1757: 1734: 1728: 1727: 1707: 1701: 1700: 1680: 1674: 1673: 1661: 1655: 1654: 1652: 1650: 1634: 1625: 1624: 1622: 1620: 1605: 1599: 1598: 1586: 1576: 1570: 1569: 1560: 1551: 1550: 1548: 1537: 1528: 1526: 1517: 1511: 1510: 1502: 1496: 1495: 1487: 1481: 1479: 1461: 1455: 1454: 1452: 1441: 1435: 1434: 1432: 1430: 1414: 1408: 1407: 1383: 1374: 1372: 1349: 1343: 1342: 1325: 1319: 1318: 1307: 1301: 1299: 1297: 1284: 1276: 1270: 1269: 1256: 1243: 1242: 1240: 1238: 1233:on July 18, 2011 1232: 1226:. 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1989: 1974: 1973: 1968: 1964: 1958: 1951: 1945: 1937: 1936: 1931: 1925: 1917: 1916: 1911: 1905: 1897: 1890: 1883: 1879: 1875: 1870: 1862: 1858: 1851: 1844: 1839: 1832: 1827: 1818: 1811: 1803: 1799: 1797:0-8240-5367-2 1793: 1789: 1788: 1780: 1773: 1767: 1752: 1746: 1742: 1741: 1733: 1725: 1719: 1715: 1714: 1706: 1698: 1692: 1688: 1687: 1679: 1671: 1670:10.3386/w9318 1667: 1660: 1644: 1640: 1633: 1631: 1615: 1611: 1604: 1596: 1590: 1585: 1584: 1575: 1567: 1566: 1559: 1557: 1545: 1544: 1536: 1534: 1524: 1523: 1516: 1508: 1501: 1493: 1486: 1477: 1475:1-55111-261-2 1471: 1467: 1460: 1449: 1448: 1440: 1424: 1420: 1413: 1405: 1403:0-8371-6404-4 1399: 1395: 1391: 1390: 1382: 1380: 1371: 1369:0-87113-338-5 1365: 1361: 1357: 1356: 1348: 1340: 1336: 1335: 1330: 1324: 1316: 1312: 1306: 1294: 1290: 1289: 1281: 1275: 1267: 1266: 1265:The Economist 1261: 1255: 1253: 1251: 1249: 1229: 1225: 1221: 1217: 1213: 1209: 1205: 1198: 1191: 1189: 1187: 1178: 1176:0-87421-127-1 1172: 1168: 1161: 1153: 1146: 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332: 330: 326: 322: 321:tariff levels 317: 315: 311: 307: 304: 300: 297: 293: 292:protectionist 289: 285: 281: 277: 274:(codified at 273: 262: 257: 250: 247:by President 246: 243: 240: 236: 233:) and by the 232: 228: 224: 220: 216: 213: 210: 206: 203: 200: 196: 193: 191: 187: 183: 180: 177: 173: 169: 165: 162: 161: 158: 153: 149: 146: 142: 137: 134: 130: 126: 124: 118: 115: 108: 103: 99: 94: 90: 86: 83: 79: 75: 71: 67: 63: 59: 55: 50: 43: 39: 35: 30: 19: 4128:South Africa 4026: 3905: 3845:1846: Walker 3815:1816: Dallas 3757:2020 (CARES) 3254: 3245: 3238: 3219:Allan Hoover 3146: 3139: 3120: 3112: 3108:Hoover Field 3103:Hoover Chair 3098:Hoover Medal 3078:Hoover Tower 3063:Bibliography 3047:Rapidan Camp 2950:Other events 2789: 2753:Inauguration 2649:as amended ( 2632: 2612: 2597: 2583: 2561: 2552:the original 2547: 2518: 2494: 2490: 2458: 2454: 2430: 2426: 2402: 2398: 2380: 2358: 2349: 2303: 2299: 2283: 2279: 2258: 2240: 2236: 2220: 2216: 2192: 2188: 2165:. Retrieved 2161: 2151: 2139:. Retrieved 2135: 2125: 2114:, retrieved 2110: 2101: 2084: 2072: 2063: 2055:the original 2044: 2036:the original 2029: 2016: 2006:December 10, 2004:. Retrieved 1998: 1988: 1978:December 10, 1976:. Retrieved 1970: 1963:Benen, Steve 1957: 1949: 1944: 1933: 1924: 1913: 1904: 1895: 1889: 1881: 1869: 1860: 1850: 1838: 1826: 1816: 1810: 1802:the original 1786: 1779: 1771: 1766: 1754:. Retrieved 1739: 1732: 1712: 1705: 1685: 1678: 1659: 1647:. Retrieved 1642: 1617:. Retrieved 1613: 1603: 1582: 1574: 1564: 1542: 1521: 1515: 1500: 1491: 1485: 1465: 1459: 1446: 1439: 1427:. Retrieved 1422: 1412: 1388: 1354: 1347: 1339:the original 1332: 1323: 1314: 1305: 1293:the original 1286: 1274: 1263: 1235:. 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Morgan 542:Clair Wilcox 534:Henry Seager 530:Frank Graham 522:Paul Douglas 519: 505: 453:in the House 442: 416:Smoot was a 415: 399: 390: 383: 379:productivity 368: 353: 318: 287: 283: 271: 269: 244: 234: 218: 214: 204: 194: 181: 163: 139:Codification 29: 4118:Netherlands 3951:1993: NAFTA 3840:1842: Black 3732:2017 (TCJA) 3707:2012 (ATRA) 3125:(1996 film) 2925:Hoover desk 2844:Banana Wars 2832:Hooverville 2724:(1921–1928) 2715:(1929–1933) 2167:December 3, 2141:December 3, 2116:December 3, 2089:GovTrack.us 1756:January 27, 1649:January 27, 1645:(in French) 1619:January 27, 1429:November 7, 1237:January 17, 960:§ 1654 742:Monetarists 699:Peter Temin 577:Retaliation 550:White House 443:During the 346:(left) and 4192:Categories 4154:Bonus Army 4056:By country 3916:1948: GATT 3737:2018 (BBA) 3722:2015 (BBA) 3687:2010 (ACA) 3427:1940 (2nd) 3027:Early life 2886:Hooverball 2837:Bonus Army 2763:Hoover Dam 2748:Transition 2734:Presidency 1843:Irwin 1998 1831:Eckes 1995 1774:series F-1 931:References 907:Dave Barry 817:Ross Perot 758:Democratic 744:, such as 546:Henry Ford 457:the Senate 418:Republican 348:Reed Smoot 299:Reed Smoot 164:Introduced 101:Public law 61:Long title 4068:Australia 4063:Argentina 4032:Dust Bowl 3956:1994: WTO 3587:1986 Code 3487:1954 Code 3417:1939 Code 3158:Elections 2657:) in the 2483:154380335 2447:154415038 2320:0034-6535 1224:154857884 1119:145691938 1089:CiteSeerX 993:, slide 4 896:Ben Stein 870:Wisconsin 819:during a 756:The 1932 669:trade war 516:Opponents 447:, one of 402:World War 276:19 U.S.C. 96:Citations 88:Effective 69:Nicknames 4172:Category 4159:New Deal 4047:Timeline 3312:Internal 3261:Category 2739:timeline 2595:(1931), 2582:(1935), 2336:57562207 2136:pennlive 2094:purposes 1135:(1941). 913:See also 874:Ron Kind 594:via the 227:recommit 223:division 4177:Commons 4123:Romania 4093:Germany 3926:1974/75 3787:Tariffs 3557:Gas Tax 3314:Revenue 2876:Cabinet 2655:details 2511:1061574 2475:2951161 2419:2936217 2328:2646642 2229:2118081 2209:1061208 2180:Sources 1111:2123771 1087:: 144. 863:or/and 813:Al Gore 788:(ITO). 720:Austria 408:of the 381:gains. 364:tariffs 314:tariffs 296:Senator 239:222–153 229:failed 199:264–147 106:Pub. L. 4088:France 4078:Canada 4073:Brazil 4017:Causes 4010:Topics 3677:Crisis 3209:(wife) 3200:Family 3056:Legacy 2621:  2569:  2536:online 2525:  2509:  2481:  2473:  2445:  2417:  2387:  2365:  2334:  2326:  2318:  2286:: 1–43 2265:  2227:  2207:  1794:  1747:  1720:  1693:  1591:  1568:, 1960 1472:  1400:  1366:  1222:  1173:  1117:  1109:  1091:  1046:  958:  947:  540:, and 499:  493:  487:  481:  475:  469:  434:Oregon 396:clear: 145:U.S.C. 131:  114:71–361 112:  40:, and 4108:Japan 4103:Italy 4098:India 4083:Chile 3577:COBRA 3221:(son) 3215:(son) 3133:Books 2602:(PDF) 2507:JSTOR 2479:S2CID 2471:JSTOR 2443:S2CID 2415:JSTOR 2346:(PDF) 2332:S2CID 2324:JSTOR 2296:(PDF) 2225:JSTOR 2205:JSTOR 1547:(PDF) 1451:(PDF) 1394:87–88 1296:(PDF) 1283:(PDF) 1231:(PDF) 1220:S2CID 1210:: 6. 1200:(PDF) 1115:S2CID 1107:JSTOR 1083:(1). 1071:(PDF) 945:Stat. 582:31%. 420:from 280:ch. 4 278: 235:House 231:42–44 209:53–31 129:Stat. 3941:1988 3936:1984 3931:1979 3921:1962 3862:1875 3859:1872 3850:1857 3830:1832 3727:2016 3717:2014 3712:2012 3702:2011 3682:2009 3672:2008 3662:2007 3657:2006 3652:2006 3647:2005 3642:2004 3637:2003 3632:2002 3622:1998 3617:1997 3612:1996 3607:1993 3602:1990 3597:1988 3592:1987 3582:1986 3572:1984 3552:1982 3547:1981 3542:1980 3537:1978 3532:1977 3527:1976 3522:1975 3517:1971 3512:1969 3507:1968 3502:1966 3497:1964 3492:1962 3482:1954 3477:1951 3472:1950 3467:1950 3462:1948 3457:1945 3452:1944 3447:1943 3442:1943 3437:1942 3432:1941 3422:1940 3412:1937 3407:1936 3402:1935 3397:1934 3392:1932 3387:1928 3382:1926 3377:1924 3372:1921 3367:1918 3362:1917 3357:1916 3352:1914 3347:1913 3342:1909 3337:1894 3332:1864 3327:1862 3322:1861 3191:1932 3181:1940 3176:1932 3171:1928 3020:Life 2898:1930 2720:3rd 2710:31st 2619:ISBN 2567:ISBN 2523:ISBN 2385:ISBN 2363:ISBN 2316:ISSN 2263:ISBN 2169:2023 2143:2023 2118:2023 2111:IMDb 2008:2021 1980:2021 1792:ISBN 1758:2023 1745:ISBN 1718:ISBN 1691:ISBN 1651:2023 1621:2023 1589:ISBN 1470:ISBN 1431:2021 1398:ISBN 1364:ISBN 1334:Time 1239:2011 1171:ISBN 1044:ISBN 634:and 612:1980 610:and 608:1958 455:and 422:Utah 354:The 301:and 270:The 80:the 2659:GPO 2651:PDF 2499:doi 2463:doi 2435:doi 2407:doi 2308:doi 2245:doi 2197:doi 1666:doi 1360:323 1212:doi 1099:doi 1017:doi 1013:132 953:see 949:590 905:by 718:of 614:). 286:or 184:by 150:589 133:590 4194:: 2546:, 2505:, 2495:67 2493:, 2477:, 2469:, 2459:57 2457:, 2441:, 2431:21 2429:, 2413:, 2403:62 2401:, 2372:; 2348:, 2330:. 2322:. 2314:. 2304:80 2302:. 2298:. 2284:12 2282:, 2241:38 2239:, 2221:84 2219:, 2203:, 2193:64 2191:, 2160:. 2134:. 2109:, 2091:, 2071:, 2028:. 1997:. 1969:. 1932:, 1912:. 1880:, 1876:, 1641:. 1629:^ 1612:. 1555:^ 1532:^ 1421:. 1396:. 1378:^ 1362:, 1331:. 1313:. 1285:. 1262:. 1247:^ 1218:. 1208:45 1206:. 1202:. 1185:^ 1113:. 1105:. 1097:. 1081:55 1079:. 1073:. 1011:. 1007:. 985:, 909:. 894:, 840:. 536:, 524:, 440:. 428:. 358:' 188:, 176:OR 36:, 3995:e 3988:t 3981:v 3296:e 3289:t 3282:v 2741:) 2737:( 2690:e 2683:t 2676:v 2653:/ 2538:. 2501:: 2465:: 2437:: 2409:: 2338:. 2310:: 2247:: 2199:: 2171:. 2145:. 2010:. 1982:. 1939:. 1918:. 1863:. 1821:. 1760:. 1726:. 1699:. 1672:. 1668:: 1653:. 1623:. 1597:. 1480:. 1478:. 1433:. 1406:. 1373:. 1300:. 1241:. 1214:: 1179:. 1139:. 1121:. 1101:: 1052:. 1025:. 1019:: 973:. 412:. 241:) 211:) 201:) 174:- 172:R 170:( 20:)

Index

Tariff Act of 1930
Tariffs in United States history
List of tariffs in the United States
Protectionism in the United States
Great Seal of the United States
71st United States Congress
Pub. L.
71–361
Statutes at Large
Stat.
590
U.S.C.
Willis C. Hawley
R
OR
House Ways and Means
Senate Finance
264–147
53–31
division
recommit
42–44
222–153
Herbert Hoover
19 U.S.C.
ch. 4
protectionist
Senator
Reed Smoot
Representative

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