Following the implementation of the Smoot-Hawley Tariff Act of 1930, foreign countries retaliated by raising tariffs on American goods, which worsened the U.S. depression, caused a significant decline in world trade, and hindered the global economy.

Authors

• Person: Not available Organization: University of Wisconsin-Stevens Point
  U.S. Trade and Tariffs: A Long-Term Perspective - UW-Stevens Point |
• Person: Not available Organization: ERC Council
  Tariffs and Protectionism - Economic Research Council

Sources

• U.S. Trade and Tariffs: A Long-Term Perspective - UW-Stevens Point | blog.uwsp.edu University of Wisconsin-Stevens Point via serper
• Tariffs and Protectionism - Economic Research Council ercouncil.org ERC Council via serper

Referenced by nodes (2)

• Smoot-Hawley Tariff Act of 1930 concept
• global economy concept