The Tariff Act of 1930: Causes, Content, and Consequences - New Space Economy

The Tariff Act of 1930: Causes, Content, and Consequences - New Space Economy

The Tariff Act of 1930, commonly referred to as the Smoot-Hawley Tariff, was a piece of trade legislation enacted during a period of economic instability in the United States. Passed during the early months of the Great Depression, the law raised tariffs on thousands of imported goods. Though it was intended to protect domestic industries and agricultural producers from foreign competition, its broader consequences extended far beyond U.S. borde…