jan 1, 1930 - Smoot-Hawley Tariff

Description:

an Act implementing protectionist trade policies sponsored by Senator Reed Smoot and Representative Willis C. Hawley and was signed into law on June 17, 1930; raised U.S. tariffs on over 20,000 imported goods

Made to protect US businesses and keep goods’ prices high, but it led to worse economic conditions as it further shattered the loose, almost nonexistent ties between nations

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