Legacy of Smoot-Hawley

This video (from 2011) held up just fine …

The Smoot-Hawley Tariff Act was a grave error for U.S. trade policy. As the United States slid into depression, the act represented a desperation move by Congress and President Hoover. Since then, presidents have regarded free trade as the rule rather than the exception. Economist Douglas A. Irwin discusses the Smoot-Hawley Act and its legacy.

Related: Here’s a brief history of U.S. trade policy with Irwin I recorded earlier this year:

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