#OTD, 1930, in #POTUS #History, Herbert Hoover urged the House to pass the Smoot-Hawley bill to raise trade tariffs. The result was a 50% cut in both U.S. imports and exports. en.wikipedia.org/wiki/Smoot%E... - ThreadSky

franklinpierce.bsky.social • 4 days ago

#OTD, 1930, in #POTUS #History, Herbert Hoover urged the House to pass the Smoot-Hawley bill to raise trade tariffs. The result was a 50% cut in both U.S. imports and exports.

https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act