TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History - eviltoast
realitista@lemm.ee to Today I Learned@lemmy.worldEnglish · 2 months ago

TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History

en.wikipedia.org

197
1.38K

TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History

en.wikipedia.org

realitista@lemm.ee to Today I Learned@lemmy.worldEnglish · 2 months ago
197
Smoot–Hawley Tariff Act - Wikipedia
en.wikipedia.org
  • ExtantHuman@lemm.eeEnglish
    5·
    2 months ago

    So the cut that went into effect in '83 was passed in '81, just before a recession hit. So the US seeing an increase in revenue compared to the few years before that where unemployment was up over 8% and gdp dropping, is really more about the economy recovering than tax policy changes.