Publication Year

1983

Keywords

Economics, Great Depression, Smoot-Hawley Tariff Act, trade, farmers, plight

Disciplines

Economic History | Economics | Law | United States History

Abstract

Did the reduction in trade caused by the Smoot-Hawley Tariff Act of 1930 decrease farm income in the United States? Economists, politicians and farmers have debated this question for the past fifty years, and protectionist sentiments are again of topical significance. In a recent address on trade, for example, President Reagan used the Smoot-Hawley Tariff Act to illustrate the evils of protectionism, "...when we did that before in this century, something called Smoot-Hawley, we lived through a nightmare." What is the Smoot-Hawley Tariff Act?

Department 1 Awarding Honors Status

Economics

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