True to his belief in aiding businessmen as a means to creating prosperity, Hoover signed the Smoot-Hawley Tariff in 1930. It raised the rates far above those of the Fordney-McCumber Tariff of 1922....
It's actually refered to as the "Smoot-Hawley" Tariff Act. It was passed in essence to protect American farmers and some industries shortly after the 1929 stock market crash. Passed in 1930 it...