Hawley-Smoot Tariff Act

Definition

Legislation passed in 1930 that shifted the U.S. tariff to the highest level of protection seen during that time. The act sought to especially protect American businesses and farmers. Before the act was enacted, President Hoover was trying to raise the tariff rate on farm products as well as raise some industrial rates. Representative Willis C. Hawley and Senator Reed Smoot both campaigned for this legislation and as a result this piece of legislation was named after them.

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You should do some research on the hawley-smoot tariff act and see if there is anything that you can learn from it.

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The Hawley-Smoot Tariff act provided the most protection to businesses and farmers in the nations history and paved the way to future economic success.

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Most economists of all political stripes agree that the Hawley-Smoot Tariff Act exacerabated the economic downturn which began with stock market crash of 1929.

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