The Smoot-Hawley Tariff Act
History Daily
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A Shift in Trade Policy: The Reciprocal Trade Agreements Act
This chapter explores the historical significance of the Reciprocal Trade Agreements Act signed by FDR in 1934, which transformed U.S. trade policy from protectionism to cooperation. The act allowed the president to negotiate lower tariffs, paving the way for a more stable economy and future liberalized trade practices.
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