Who or what is Smoot-Hawley?
A protectionist bill passed during the Hoover Administration that increased tariffs.
You obviously never saw Ferris Bueller's Day Off:
In 1930, the Republican controlled House of Rep, in an effort to alleviate the effects of the
the Great Depression, passed the
Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act which, anyone? anyone? Raised or lowered?
Raised tariffs, in an effort to collect more revenue for the federal govt. Did it work? Anyone? Anyone know the effects? It did not work, and the US sank deeper into the Great Depression.
Sounds to me like YOU need to brush up on your history!