apr 3, 1922 - Fordney-McCumber act passed
Description:
The Fordney–McCumber Tariff of 1922 was a law that raised American tariffs on many imported goods to protect factories and farms. The US Congress displayed a pro-business attitude in passing the tariff and in promoting foreign trade through providing huge loans to Europe, which, in turn, bought more US goods.Added to timeline:
Date:
apr 3, 1922
Now
~ 104 years ago