mar 13, 1930 - Enactment of the Hawley-Smoot Tariff
Description:
Cause (International): Passed in response to the Great Depression's initial economic suppressions on the US.Effect (International): Hawley-Smoot Tariff raises negative reactions from several countries, and international trade declines and ultimately halts, meaning little source for economic stimulation.
Cause (Domestic): Passed to raise international export trades with Japan.
Effect (Domestic): Japan hit especially hard by this tariff, Japanese government struggles to recovery economy, contributes to end of liberal democracy as Japanese have less faith in the international economy model.
Added to timeline:
Date:
mar 13, 1930
Now
~ 95 years ago