Reed Smoot and the Smoot-Hawley Tariff, 1930

Jeffrey D. Nichols History Blazer, April 1995 During the 1930s the economies of all of the industrialized nations suffered dramatic declines in production, trade, and employment levels. Already weakened by the human and economic toll of World War I, war debt repayment, and trade imbalances with the United States, foreign nations were confronted in 1930 with the highest tariff barriers …