Sentences with phrase «following smoot»
In total, the volume of U.S. imports fell 40 % in the two years following Smoot - Hawley, which became law in June 1930.
http://money.cnn.com/ Not exact matches
Readers are invited to research the following words: protectionism, tariffs, quotas, trade barriers, Smoot, Hawley, history, learning from history, lessons of the past.
-- Doug Kass, March 2, 2018 Readers are invited to research the following words: protectionism, tariffs, quotas, trade barriers, Smoot, Hawley, history, learning from history, lessons of the -LSB-...]
The Smoot - Hawley Tariff Act of 1930 was followed by tariff increases by Canada and Europe in tit - for - tat restrictions that greatly slowed the US and global recovery from the Great Depression.
The trade wars that followed the Republican passage of the protectionist Smoot - Hawley Tariff Act of 1930, which raised duties on hundreds of imports, similarly contain illustrative lessons for today.
Smoot's advice for others who want to follow her path is to learn when to accept help.
England followed suit after Germany and devalued their currency and cheap exports being dumped forced the US and the rest of the world to put up Smoot - Harley tariffs.