Tag Archives: depression

Congress to Enhance Smoot-Hawley – Protectionist Cause of the Great Depression

Smoot-Hawley was officially named the “Tarrif Act of 1930″.  The act raised or enacted tariffs on over 20,000 imported goods. This incredibly protectionist move is largely credited with creating the Great Depression.  Our current leadership thinks we should try it again. In a Wall Street Journal article the point is made that we may be… Read More »