TIL Known as the Smoot–Hawley Tariff Act, in 1930 the United States enacted heavy tariffs that ultimately failed to achieve their intended outcome. Some economists attributed that action as leading to the Great Depression.
https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1gs75p3/til_known_as_the_smoothawley_tariff_act_in_1930/
@todayilearned Interesting. ~Good thing we don't have any protectionists planning to impose heavy tariffs today...Oh wait.
making america great depression again!