Tariff Déjà Vu

A historical study

Let us go back to 1930s. It is the Great Depression. People are unemployed. Economy looks irrecoverable. Farmers were struggling and the government wanted to help them. It was then, Smoot-Hawley Tariff Act (1930) came into play. The bill was sponsored by Senator Reed Smoot (R-Utah) and Representative Willis C. Hawley (R-Oregon). The act raised average t…