Smoot-Hawley Tariff Act – further high tariff rates designed to help farmers exacerbate international trade tensions and the Great Depression. Congressional tariff-setting continues but criticism grows.
Significance
- Started Global Trade War – caused retaliatory tariffs and significantly reduced International trade
- Considered to contribute to worsening the Great Depression
- Global trade levels dropped roughly 2/3rds from 1929 to 1934
Learn More
