img Leseprobe Leseprobe

Peddling Protectionism

Smoot-Hawley and the Great Depression

Douglas A. Irwin

EPUB
ca. 24,99
Amazon iTunes Thalia.de Weltbild.de Hugendubel Bücher.de ebook.de kobo Osiander Google Books Barnes&Noble bol.com Legimi yourbook.shop Kulturkaufhaus ebooks-center.de
* Affiliatelinks/Werbelinks
Hinweis: Affiliatelinks/Werbelinks
Links auf reinlesen.de sind sogenannte Affiliate-Links. Wenn du auf so einen Affiliate-Link klickst und über diesen Link einkaufst, bekommt reinlesen.de von dem betreffenden Online-Shop oder Anbieter eine Provision. Für dich verändert sich der Preis nicht.

Princeton University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

A history of America's most infamous tariff

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.

Peddling Protectionism tells a fascinating story filled with valuable lessons for trade policy today.

Weitere Titel von diesem Autor

Kundenbewertungen

Schlagwörter

Depreciation, Foreign trade of the United States, Recession, Trade barrier, Employment, Ways and means committee, Consumer, Princeton University Press, Commodity, Debenture, Reed Smoot, Smoot–Hawley Tariff Act, Trade war, Stock market crash, Congressional Record, Economy of the United States, National interest, Business cycle, Currency, Import Duty, Monetary policy, Export, Statistics Canada, Federal Farm Board, Keynesian economics, Ad valorem tax, Herbert Hoover, Foreclosure, Protective tariff, Economist, Politics, Trade restriction, Tax, Statistical Abstract of the United States, Economy, World Trade Organization, Investor, Provision (accounting), Policy, Exchange rate, Economic problem, World economy, Deflation, Economics, Provision (contracting), Import, Tariff, Surplus product, The New York Times, Economic recovery, International trade, Consumption (economics), Investment, Central bank, Aggregate demand, Financial crisis of 2007–08, Disaster, Expense, Free trade, Bank failure, Legislation, Unemployment, Real estate appraisal, Income, North American Free Trade Agreement, Economic growth, Vote trading, Protectionism, Trade agreement, Balance of trade