TIL In 1930, despite a petition by 1,028 economists, president Hoover passed the Smoot–Hawley Tariff Act in an effort to alleviete the Great Depression. It prompted retaliatory tariffs by other countries. U.S. imports and exports fell by 67%, worsening the effects of the Great Depression
https://www.britannica.com/event/Great-Depression
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https://www.britannica.com/event/Great-Depression
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Great Depression | Definition, History, Dates, Causes, Effects, & Facts | Britannica
Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, m…Encyclopedia Britannica
