“Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated.”

Share & Save

Meaning

Not documented yet.

When It Was Said

Not documented yet.

Who It Was Said To

Not documented yet.

Historical Context

Not documented yet.

Source

Not documented yet.

Original Language & Translation

Originally said in English.

Did They Really Say It?

Not documented yet.

Did You Know?

Not documented yet.

About Elaine Chao

Elaine Chao is quoted here; further biographical details are not publicly available.

More from Elaine Chao (96 quotes) →
"Smoot and Hawley ginned up The Tariff Act of 1930 to get America back…" — Elaine Chao | Daily Quotes