smoot-hawley

You do recall tariffs (Smoot-Hawley) were a contributing factor to the length and depth of the Great Depression, right?

This is ominous, what if this is remembered as the equivalent of Smoot-Hawley?

Congress delegated tariff power to the president after Smoot-Hawley caused such a disaster.

I suppose you could then put a tariff wall around the country, but historically that hasn't worked out well (Smoot-Hawley).

And what happens when you remove human weaknesses, such as love of Smoot-Hawley and days gone by, gunboat diplomacy (literally), greed, etc?

And it's said a descendant of Reed Smoot of Smoot-Hawley terrible tariff infamy, and at least at MIT doing a good job of rehabilitating the family name.

The reason Smoot-Hawley was such a disaster is that it took hundreds of people to agree that it was good policy in the house, which meant adding tariffs to the bill in favor of the districts they individually represented.

Again, you’re acting like Smoot-Hawley didn’t happen.

I do find it kinda crazy that we had a specific policy surrounding tariffs (Smoot-Hawley) that was in the center of the worst economic collapse in US history.

* Economy-destroying Smoot-Hawley tariffs, which are basically what Trump is doing now.

The Smoot-Hawley Tariff Act of 1930 [1], where a Republican majority enacted extreme tariffs against President Hoover's almost veto, is sometimes considered one of the smoking guns for how the Great Depression got so bad.

If employment doesn't recover within the next 12 months, there will be a great deal of pressure after the 2010 elections for punitive tariffs on imports a la Smoot-Hawley, which will include computer equipment since most of it is manufactured in Asia.

Smoot-Hawley was "letting things stabilize"?

All the approved economists said making goods cheaper would make everyone richer, no matter how it happened, so they yelled "Smoot-Hawley hur hur" at everyone who disagreed, and invited the world.

America had a high average tariff even before Smoot-Hawley — 15.8 percent in 1929 — but the unemployment rate in 1929 was under 3 percent." He doesn't like the tariffs, he (and pretty much any serious economists) think they're bad, but he tries to be clear about why they're bad rather than just waving his hands at everything.

I’m also none of those things, but that section of Smoot-Hawley appears to apply when a foreign country imposes such burdens on the United States * which is not equally enforced upon the like articles of every foreign country.” So not just that it treats the US differently than itself, but that it treats the US differently than any other country.