Jump to ContentJump to Main Navigation
Peddling ProtectionismSmoot-Hawley and the Great Depression$
Users without a subscription are not able to see the full content.

Douglas A. Irwin

Print publication date: 2011

Print ISBN-13: 9780691150321

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691150321.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in HSO for personal use (for details see www.princeton.universitypressscholarship.com/page/privacy-policy).date: 11 December 2018

Foreign Retaliation

Foreign Retaliation

Chapter:
(p.144) Chapter 3 Foreign Retaliation
Source:
Peddling Protectionism
Author(s):

Douglas A. Irwin

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691150321.003.0004

This chapter examines at the international reaction to the Smoot–Hawley tariff. The popular perception is that the tariff backfired by triggering retaliation against U.S. exports and the spread of trade blocs that discriminated against the United States, inflicting long-term damage for U.S. commercial and foreign policy interests. This perception is largely accurate. While countries did not broadcast that they were retaliating against the United States for imposing the tariff, the nature and timing of the measures they took strongly suggest that was the primary motivation. A month after the Smoot–Hawley tariff was imposed, a pro-American Liberal government in Canada lost a general election to the pro-British Conservatives, who erected trade barriers designed to shift Canada's imports from the United States to Britain. Other countries discriminated against U.S. exports as well, and the nation's share of world trade fell sharply.

Keywords:   Smoot–Hawley tariff, protectionism, trade policy, Britain, Canada, trade relations, imports, exports

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.