this post was submitted on 14 Mar 2025
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Today I Learned (TIL)

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TIL The Smoot–Hawley Act of '30 was an attempt to protect the US from foreign competition by imposing high tariffs. The consensus view among economists and historians is that the passage of the Ac... (en.wikipedia.org)
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The original was posted on /r/todayilearned by /u/Bluest_waters on 2025-03-14 01:51:39+00:00.

Original Title: TIL The Smoot–Hawley Act of '30 was an attempt to protect the US from foreign competition by imposing high tariffs. The consensus view among economists and historians is that the passage of the Act had, in fact, achieved an opposite effect to what was intended. It exacerbated the Great Depression

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