News

The 1930 tariff bill hurt exporters and provoked other countries to enact their own tariffs as the U.S. economy grappled with ...
In the spring of 1930, more than 1,000 economists across the United States wrote a letter urging President Herbert Hoover to veto ... later be known as the Great Depression) and provoke other ...
“Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate,” Mellon advised, as recounted by President Herbert Hoover ... of times since the Great Depression, while ...
On April 2, the Trump administration issued an executive order initiating tariffs on every U.S. trading partner except Russia ...
The nations which weren't given a specified tariff are facing an immediate, blanket duty of 10 ... as the world sunk into the Great Depression, President Hoover signed the Smoot-Hawley Tariff ...
Roughly 60% of American families owned a vehicle by the onset of the Great Depression ... In 1930, President Herbert Hoover signed the Smoot-Hawley Tariff Act, a law that hit 20,000 imported ...
His belief was that the Great Depression was caused solely by worldwide problems ... These shanty towns and shacks became known as 'Hoovervilles'. Newspapers used as blankets were called 'Hoover ...
Tariffs lower standard of living, and for beef producers lower consumer spending will eventually mean less demand and lower ...
As a first step in resetting the trade order, he imposed a blanket 10 per cent tariff on all countries ... protectionism that is worse than the one the US witnessed during the Great Depression of the ...