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Aftermath and Legacy

Douglas A. Irwin

in Peddling Protectionism: Smoot-Hawley and the Great Depression

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691150321
eISBN:
9781400838394
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691150321.003.0005
Subject:
Economics and Finance, Economic History

This chapter assesses the aftermath and legacy of the Smoot–Hawley tariff. Smoot–Hawley gave congressional trade policy making a bad name that persists to this day. Those who enacted it promised ... More


Foreign Retaliation

Douglas A. Irwin

in Peddling Protectionism: Smoot-Hawley and the Great Depression

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691150321
eISBN:
9781400838394
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691150321.003.0004
Subject:
Economics and Finance, Economic History

This chapter examines at the international reaction to the Smoot–Hawley tariff. The popular perception is that the tariff backfired by triggering retaliation against U.S. exports and the spread of ... More


The Fragmented World of the 1930s

Charles H. Feinstein, Peter Temin, and Gianni Toniolo

in The World Economy between the World Wars

Published in print:
2008
Published Online:
May 2008
ISBN:
9780195307559
eISBN:
9780199867929
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195307559.003.0009
Subject:
Economics and Finance, Economic History

The central themes in this chapter are the disintegration of the international economy — de-globalization — which followed the onset of the Great Depression, and the path to recovery in the main ... More


Economic Consequences

Douglas A. Irwin

in Peddling Protectionism: Smoot-Hawley and the Great Depression

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691150321
eISBN:
9781400838394
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691150321.003.0003
Subject:
Economics and Finance, Economic History

This chapter addresses the economic effects of the Smoot–Hawley tariff. The popular perception is that the tariff raised import duties to record levels and helped cause the Great Depression. In fact, ... More


Peddling Protectionism: Smoot-Hawley and the Great Depression

Douglas A. Irwin

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691150321
eISBN:
9781400838394
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691150321.001.0001
Subject:
Economics and Finance, Economic History

The Smoot–Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with—and sometimes blamed ... More


Domestic Politics

Douglas A. Irwin

in Peddling Protectionism: Smoot-Hawley and the Great Depression

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691150321
eISBN:
9781400838394
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691150321.003.0002
Subject:
Economics and Finance, Economic History

This chapter focuses on the long and politically divisive passage of the Smoot–Hawley tariff through Congress. The popular perception is that Congress enacted a higher tariff because it caved in to ... More


Introduction

Douglas A. Irwin

in Peddling Protectionism: Smoot-Hawley and the Great Depression

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691150321
eISBN:
9781400838394
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691150321.003.0001
Subject:
Economics and Finance, Economic History

This introductory chapter discusses the background of the Smoot–Hawley tariff, which President Herbert Hoover signed into law on June 17, 1930. The Smoot–Hawley tariff ranks among the most infamous ... More


Introduction

Alexandra Guisinger

in American Opinion on Trade: Preferences without Politics

Published in print:
2017
Published Online:
August 2017
ISBN:
9780190651824
eISBN:
9780190651862
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190651824.003.0001
Subject:
Economics and Finance, Economic History

Chapter 1 provides an overview of the book and its two interwoven puzzles: what are the predictors of Americans’ trade preferences in today’s post-industrial economy, and why do so few politicians ... More


American Opinion on Trade: Preferences without Politics

Alexandra Guisinger

Published in print:
2017
Published Online:
August 2017
ISBN:
9780190651824
eISBN:
9780190651862
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190651824.001.0001
Subject:
Economics and Finance, Economic History

American Opinion on Trade: Preferences without Politics explains how American voters form opinions on trade policy and why those preferences can remain at odds with policy choices of political actors ... More


A Middle East De-industrialization Illustration: Ottoman Problems

Jeffrey G. Williamson

in Trade and Poverty: When the Third World Fell Behind

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262015158
eISBN:
9780262295727
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262015158.003.0103
Subject:
Economics and Finance, Economic History

This chapter discusses Ottoman experience with its terms of trade over the century 1800 to 1913. Section 7.2 sets the stage by outlining Ottoman experience with trade policy, world transport costs, ... More


Industrial and Trade Policy

Markus Lampe and Paul Sharp

in A Land of Milk and Butter: How Elites Created the Modern Danish Dairy Industry

Published in print:
2019
Published Online:
September 2019
ISBN:
9780226549507
eISBN:
9780226549644
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226549644.003.0008
Subject:
Economics and Finance, Economic History

We explain that although Denmark, unlike most of the rest of Europe, remained a free trader in the final decades of the nineteenth century, it continued to impose tariffs on dairy products ... More


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