Peddling Protectionism: Smoot-Hawley and the Great Depression
The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with--and sometimes blamed for--the onset of the Great Depression, the collapse of world trade, and the global spread of protect...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Princeton, NJ
Princeton University Press
[2017]
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Online-Zugang: | DE-1043 DE-1046 DE-858 DE-Aug4 DE-573 DE-898 DE-859 DE-860 DE-473 DE-706 DE-739 URL des Erstveröffentlichers |
Zusammenfassung: | The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with--and sometimes blamed for--the onset of the Great Depression, the collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an insult rather than a compliment. In Peddling Protectionism, Douglas Irwin provides the first comprehensive history of the causes and effects of this notorious measure, explaining why it largely deserves its reputation for combining bad politics and bad economics and harming the U.S. and world economies during the Depression. In four brief, clear chapters, Irwin presents an authoritative account of the politics behind Smoot-Hawley, its economic consequences, the foreign reaction it provoked, and its aftermath and legacy. Starting as a Republican ploy to win the farm vote in the 1928 election by increasing duties on agricultural imports, the tariff quickly grew into a logrolling, pork barrel free-for-all in which duties were increased all around, regardless of the interests of consumers and exporters. After Herbert Hoover signed the bill, U.S. imports fell sharply and other countries retaliated by increasing tariffs on American goods, leading U.S. exports to shrivel as well. While Smoot-Hawley was hardly responsible for the Great Depression, Irwin argues, it contributed to a decline in world trade and provoked discrimination against U.S. exports that lasted decades. Featuring a new preface by the author, Peddling Protectionism tells a fascinating story filled with valuable lessons for trade policy today |
Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 13. Sep 2017) |
Beschreibung: | 1 online resource 34 b/w illus., 9 tables, 1 map |
ISBN: | 9781400888429 |
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520 | |a The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with--and sometimes blamed for--the onset of the Great Depression, the collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an insult rather than a compliment. In Peddling Protectionism, Douglas Irwin provides the first comprehensive history of the causes and effects of this notorious measure, explaining why it largely deserves its reputation for combining bad politics and bad economics and harming the U.S. and world economies during the Depression. In four brief, clear chapters, Irwin presents an authoritative account of the politics behind Smoot-Hawley, its economic consequences, the foreign reaction it provoked, and its aftermath and legacy. Starting as a Republican ploy to win the farm vote in the 1928 election by increasing duties on agricultural imports, the tariff quickly grew into a logrolling, pork barrel free-for-all in which duties were increased all around, regardless of the interests of consumers and exporters. After Herbert Hoover signed the bill, U.S. imports fell sharply and other countries retaliated by increasing tariffs on American goods, leading U.S. exports to shrivel as well. While Smoot-Hawley was hardly responsible for the Great Depression, Irwin argues, it contributed to a decline in world trade and provoked discrimination against U.S. exports that lasted decades. Featuring a new preface by the author, Peddling Protectionism tells a fascinating story filled with valuable lessons for trade policy today | ||
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author | Irwin, Douglas A. 1962- |
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publisher | Princeton University Press |
record_format | marc |
spelling | Irwin, Douglas A. 1962- (DE-588)124987176 aut Peddling Protectionism Smoot-Hawley and the Great Depression Douglas A. Irwin Princeton, NJ Princeton University Press [2017] © 2011 1 online resource 34 b/w illus., 9 tables, 1 map txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 13. Sep 2017) The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with--and sometimes blamed for--the onset of the Great Depression, the collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an insult rather than a compliment. In Peddling Protectionism, Douglas Irwin provides the first comprehensive history of the causes and effects of this notorious measure, explaining why it largely deserves its reputation for combining bad politics and bad economics and harming the U.S. and world economies during the Depression. In four brief, clear chapters, Irwin presents an authoritative account of the politics behind Smoot-Hawley, its economic consequences, the foreign reaction it provoked, and its aftermath and legacy. Starting as a Republican ploy to win the farm vote in the 1928 election by increasing duties on agricultural imports, the tariff quickly grew into a logrolling, pork barrel free-for-all in which duties were increased all around, regardless of the interests of consumers and exporters. After Herbert Hoover signed the bill, U.S. imports fell sharply and other countries retaliated by increasing tariffs on American goods, leading U.S. exports to shrivel as well. While Smoot-Hawley was hardly responsible for the Great Depression, Irwin argues, it contributed to a decline in world trade and provoked discrimination against U.S. exports that lasted decades. Featuring a new preface by the author, Peddling Protectionism tells a fascinating story filled with valuable lessons for trade policy today In English Geschichte 1929-1939 gnd rswk-swf Depressions 1929 United States Protectionism United States Tariff United States History 20th century Zolltarif (DE-588)4191029-1 gnd rswk-swf Weltwirtschaftskrise 1929-1932 (DE-588)4079171-3 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Zolltarif (DE-588)4191029-1 s Weltwirtschaftskrise 1929-1932 (DE-588)4079171-3 s Geschichte 1929-1939 z 1\p DE-604 https://www.degruyter.com/doi/book/10.1515/9781400888429 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Irwin, Douglas A. 1962- Peddling Protectionism Smoot-Hawley and the Great Depression Depressions 1929 United States Protectionism United States Tariff United States History 20th century Zolltarif (DE-588)4191029-1 gnd Weltwirtschaftskrise 1929-1932 (DE-588)4079171-3 gnd |
subject_GND | (DE-588)4191029-1 (DE-588)4079171-3 (DE-588)4078704-7 |
title | Peddling Protectionism Smoot-Hawley and the Great Depression |
title_auth | Peddling Protectionism Smoot-Hawley and the Great Depression |
title_exact_search | Peddling Protectionism Smoot-Hawley and the Great Depression |
title_full | Peddling Protectionism Smoot-Hawley and the Great Depression Douglas A. Irwin |
title_fullStr | Peddling Protectionism Smoot-Hawley and the Great Depression Douglas A. Irwin |
title_full_unstemmed | Peddling Protectionism Smoot-Hawley and the Great Depression Douglas A. Irwin |
title_short | Peddling Protectionism |
title_sort | peddling protectionism smoot hawley and the great depression |
title_sub | Smoot-Hawley and the Great Depression |
topic | Depressions 1929 United States Protectionism United States Tariff United States History 20th century Zolltarif (DE-588)4191029-1 gnd Weltwirtschaftskrise 1929-1932 (DE-588)4079171-3 gnd |
topic_facet | Depressions 1929 United States Protectionism United States Tariff United States History 20th century Zolltarif Weltwirtschaftskrise 1929-1932 USA |
url | https://www.degruyter.com/doi/book/10.1515/9781400888429 |
work_keys_str_mv | AT irwindouglasa peddlingprotectionismsmoothawleyandthegreatdepression |