Tag Archive for Smoot-Hawley Tariff Act

VNV Tuesday – …Doomed to Repeat It (Smoot-Hawley Tariff Act of 1930) 6/26/18

Willis C. Hawley (left) and Reed Smoot meeting shortly after the signing of the Smoot-Hawley Tariff Act.

If you’re like me, the Smoot-Hawley (sometimes called Hawley-Smoot) Tariff Act is a vague memory from high school history class and a less-vague memory from this scene in Ferris Bueller’s Day Off:

Since tariffs have been in the news lately, I thought this would be a good time to review the most infamous tariff act in United States history, the Smoot-Hawley Act of 1930.