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8h 19min, dec 21, 1930 y - Hawley-Smoot Tariff

Description:

Set much higher taxes on imported goods
Trying to protect American markets from foreign competition
European countries responded with their own higher tariffs on American goods
The Tariff resulted in reduced trade for all nations, and their economies sank further into depression

Added to timeline:

11 months ago
0
0
118
The Great Depression

Date:

8h 19min, dec 21, 1930 y
Now
~ 87 years ago
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