mar 13, 1930 - Smoot-Hawley Tariff

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The Smoot-Hawley Tariff, passed in 1930, was one of the highest protective tariffs in U.S. history, enacted with the intention of protecting American farmers and other industries from foreign competition during the Great Depression. However, it resulted in severe consequences, including retaliatory tariffs from other nations, which significantly reduced international trade and exacerbated the economic downturn both in the United States and abroad.

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