Fun Fact! 34,563 days ago, then President Herbert Hoover signed the Smoot-Hawley Tariff act!
The Smoot-Hawley tariff act, which was sponsored by Republican Senator Reed Smoot and Representative Willis C. Hawley, and was then signed by President Herbert Hoover, raised US Tariffs on over 20,000 imported goods.
Although most economists agree that the Smoot-Hawley Tariff act was not the primary cause of the Great Depression, #it is consensus that the Tariff Act significantly worsened the Great Depressions effects by triggering a global trade war through retaliatory tariffs further damaging the already struggling economy!
I love fun facts, don’t you?
The Smoot-Hawley tariff act, which was sponsored by Republican Senator Reed Smoot and Representative Willis C. Hawley, and was then signed by President Herbert Hoover, raised US Tariffs on over 20,000 imported goods.
Although most economists agree that the Smoot-Hawley Tariff act was not the primary cause of the Great Depression, #it is consensus that the Tariff Act significantly worsened the Great Depressions effects by triggering a global trade war through retaliatory tariffs further damaging the already struggling economy!
I love fun facts, don’t you?