Plain English with Derek Thompson cover image

Plain History: The Smoot-Hawley Tariff and the Great Depression

Plain English with Derek Thompson

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Hoover and the Smoot-Hawley Dilemma

This chapter explores Herbert Hoover's politically charged decision to sign the Smoot-Hawley Tariff amidst the Great Depression, illustrating his struggle between party loyalty and economic foresight. It also examines the strong opposition from economists who predicted the tariff's detrimental impact, highlighting the consequences of ignoring expert warnings.

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