Smoot–Hawley Tariff Act
E5516
The Smoot–Hawley Tariff Act was a 1930 U.S. law that sharply raised import duties, widely blamed for worsening international trade tensions and deepening the Great Depression.
Aliases (4)
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
→
protectionist trade policy → tariff law → |
| alsoKnownAs |
Tariff Act of 1930
→
|
| appliesTo |
customs duties on imported goods into the United States
→
|
| associatedWith |
Herbert Hoover administration
→
|
| country |
United States
→
|
| criticizedFor |
deepening the Great Depression
→
worsening international trade tensions → |
| effect |
contributed to contraction of world trade
→
increased average U.S. tariff rates to historically high levels → provoked retaliatory tariffs by other countries → raised U.S. tariffs on many imported goods → |
| enactedBy |
United States Congress
→
|
| hasConsequence |
decline in U.S. exports due to retaliation
→
decline in U.S. imports → |
| historicalContext |
Great Depression
→
|
| implementedDuring |
Herbert Hoover presidency
→
|
| influenced |
subsequent U.S. trade policy debates
→
|
| introducedIn |
United States Senate
→
|
| jurisdiction |
United States federal government
→
|
| language |
English
→
|
| legalStatus |
amended by later trade legislation
→
|
| legislativeChamber |
United States House of Representatives
→
United States Senate → |
| motivatedBy |
desire to protect American farmers
→
desire to protect American manufacturers → |
| namedAfter |
Reed Smoot
→
Willis C. Hawley → |
| opposedBy |
President Herbert Hoover’s economic advisers
→
business groups favoring free trade → many economists → |
| partOf |
history of United States trade policy
→
|
| policyType |
protectionism
→
|
| politicalSupportFrom |
Republican Party (United States)
→
|
| regionAffected |
global trade system
→
|
| replaced |
Fordney–McCumber Tariff
→
|
| shortName |
Smoot–Hawley Tariff
→
|
| signedBy |
Herbert Hoover
→
|
| signingDate |
1930-06-17
→
|
| sponsor |
Reed Smoot
→
Willis C. Hawley → |
| subjectMatter |
customs tariffs
→
import duties → international trade → |
| timePeriod |
interwar period
→
|
| usedAsExampleOf |
dangers of protectionism in economic literature
→
|
| yearEnacted |
1930
→
|
Referenced by (15)
| Subject (surface form when different) | Predicate |
|---|---|
|
Customs Courts Act of 1980
("Tariff Act of 1930")
→
Ottawa Agreements → Reciprocal Trade Agreements Act → |
relatedTo |
|
Fordney–McCumber Tariff
("Smoot–Hawley Tariff")
→
Fordney–McCumber Tariff ("Tariff Act of 1930") → |
followedBy |
|
Smoot–Hawley Tariff Act
("Tariff Act of 1930")
→
|
alsoKnownAs |
|
Reed Smoot
("Smoot–Hawley Tariff Act of 1930")
→
|
coSponsorOf |
|
Great Depression
→
|
hasKeyEvent |
|
Reed Smoot
("Smoot–Hawley Tariff")
→
|
knownFor |
|
United States International Trade Commission
("Title VII of the Tariff Act of 1930")
→
|
legalAuthority |
|
United States International Trade Commission
("Tariff Act of 1930")
→
|
legalBasis |
|
Herbert Hoover administration
→
|
notableLegislation |
|
Reed Smoot
("Smoot–Hawley Tariff Act of 1930")
→
|
notableWork |
|
Fordney–McCumber Tariff
("Tariff Act of 1930")
→
|
repealedBy |
|
Smoot–Hawley Tariff Act
("Smoot–Hawley Tariff")
→
|
shortName |