Book · 2009
Smoot-Hawley Tariff Act of 1930
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Uh but this is the Smoot-Hawley Tariff Act, he says, 'According to a provision Rubenfeld that is in that 1930 statute titled Duties to Offset Commercial Disadvantages, that says, 'Quote, Whenever the president shall find as a fact that any foreign country places any burden or disadvantage upon the commerce of the US...
Why people recommend it
Smoot-Hawley Tariff Act of 1930 by Unknown is a historical United States federal statute that implemented high import duties and is widely associated with worsening the Great Depression. On Breaking Points, Emily Jashinsky referenced the 1930 legislation multiple times while analyzing modern trade policies and presidential authority. In one discussion, she cited a specific provision within the statute concerning duties to offset commercial disadvantages while examining the legal mechanisms surrounding potential tariffs. In another episode, she brought up the infamous Smoot-Hawley tariff in the context of economic history, evaluating whether presidential administrations could be held responsible for downturns and discussing how the sweeping trade restrictions ultimately exacerbated the Great Depression. Across these broadcasts, the historical act serves as a crucial point of comparison for contemporary discussions on protectionism, executive power, and the far-reaching consequences of aggressive trade wars.
Every mention
Emily Jashinsky In none of those cases, not even with the infamous Smoot Holly tariff, could the president be held responsi… 3
“Uh but this is the Smoot-Hawley Tariff Act, he says, 'According to a provision Rubenfeld that is in that 1930 statute titled Duties to Offset Commercial Disadvantages, that says, 'Quote, Whenever the president shall find as a fact that any foreign country places any burden or disadvantage upon the commerce of the US...”
“In none of those cases, not even with the infamous Smoot Holly tariff, could the president be held responsible for the downturn as self-evidently as today?”
“last thought on this on the sort of broad historical sweep I mean in part because of the disaster of this mood Holly tariffs and how they exacerbated the great depression.”
