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Peddling Protectionism
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Peddling Protectionism: Smoot-Hawley and the Great Depression

Douglas A. Irwin

Abstract

The Smoot–Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with—and sometimes blamed for—the onset of the Great Depression, the collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an insult rather than a compliment. This book provides the first comprehensive history of the causes and effects of this no ... More

Keywords: Smoot–Hawley tariff, imported goods, trade law, Great Depression, trade policy, protectionism, Reed Smoot, Willis Hawley, world trade, U.S. exports

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780691150321
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691150321.001.0001

Authors

Affiliations are at time of print publication.

Douglas A. Irwin, author
Dartmouth College

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