With world moving into recession so worse after Great Depression of 1930, the names of Smoot and Hawley have come into picture again. The Smoot Hawley Tariff act got approved in 1930.  Summary of that was to set the import export tariffs to record high. This will make sure of the survival of the domestic  industries and increases the revenue flow. There was however a sharp increase in the Employment but it also broke international relations of US and helped the great depression grew worse.

Entire story below :

Protectionism: The battle of Smoot-Hawley | The Economist

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