Smoot Hawley facts
While investigating facts about Smoot Hawley Tariff and Smoot Hawley Tariff Act, I found out little known, but curios details like:
Ben Stein's famous lecture about the Smoot-Hawley Tariff Act in “Ferris Buller’s Day Off” was not originally in the script. Stein, by happenstance, was lecturing off-camera to the amusement of extra’s who laughed so hard director Hughes told Ben to do that lecture for camera.
how did european countries react to the hawley-smoot tariff?
Many economist believe the Smoot-Hawley Tariff Act of 1930, which imposed high tariffs on imports, is also blamed for the Great Depression, and a modern trade war do the same to our current economy. "History may not repeat itself but it often rhymes." -Mark Twain
Hawley smoot tariff?
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based on what you know about the hawley smoot tariff?
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Americans have been paying shoe tarrifs between 37.5% and 67.5% on imported footwear since the Smoot-Hawley Tariff Act of 1930.
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In 1930 Henry Ford, and over 1000 economists, begged President Hoover not to pass the Smoot-Hawley Tariff act.
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Senator Reed Smoot, who co-sponsored the Smoot-Hawley act that exacerbated the Great Depression, was a Mormon Apostle and third in line to be the Mormon prophet
