Today I Learned (TIL)

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TIL The Smoot-Hawley Act raised tariffs to the second highest in U.S. History in 1930, prompting retaliatory tariffs by other countries. causing exports and imports to decline by 2/3. Economists a... (en.wikipedia.org)

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The original was posted on /r/todayilearned by /u/ProudReaction2204 on 2025-03-05 06:44:06+00:00.

Original Title: TIL The Smoot-Hawley Act raised tariffs to the second highest in U.S. History in 1930, prompting retaliatory tariffs by other countries. causing exports and imports to decline by 2/3. Economists and economic historians have agreed that the Act worsened the Great Depression.

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