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.

Elaine Chao

Elaine Chao

Act After America American Back Been Crash Destroyed Effectively Europe Exports Fell Get Had Instead Jobs Just Market Nations Other Stock Stock Market Tariff Third Trade Two-Thirds Up Were Work World World Trade

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