Friday, June 17, 2011

Video: The Expectations, Effects, and Legacy of the Smoot-Hawley Tariff Act

Interesting historical review from CATO Institute: The Legacy of the Smoot-Hawley Tariff Act:

The Smoot-Hawley Tariff Act was a grave error for U.S. trade policy. As the United States slid into depression, the act represented a desperation move by Congress and President Hoover. Since then, presidents have regarded free trade as the rule rather than the exception. Economist Douglas A. Irwin discusses the Smoot-Hawley Act and its legacy.

Video produced by Caleb O. Brown and Austin Bragg.

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