Historical Events tagged with "protectionism"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Hoover Signs Smoot-Hawley Tariff Act
The Smoot-Hawley Tariff Act, signed into law by President Herbert Hoover, raised U.S. tariffs on over 20,000 imported goods. This significant legislation aimed to protect American industries amidst the economic challenges of the Great Depression. The act was spearheaded by Senator Reed Smoot and Representative Willis C. Hawley, who pushed for protectionist measures to support U.S. farmers and manufacturers. The signing marked a pivotal shift in U.S. trade policy and was met with both domestic and international controversy.
Continue ReadingTermination of Reciprocity with Canada
The United States officially terminated the reciprocity and fishery agreement with Canada on July 1, 1885. This decision ended a trade relationship that had allowed both countries to benefit from shared fishing rights and trade without tariffs. The U.S. aimed to promote domestic industry and protect its fishing resources amid growing national interests. The cancellation prompted Canadian reactions over concerns about the economic implications and access to fisheries along the Atlantic coast.
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