In 1928, on the eve of the Great Depression, Herbert Hoover ran on a platform that promised higher tariffs on agricultural products to America's suffering farmers. Having won the presidency and a comfortable Republican majority in Congress, Hoover proceeded to pass, with the help of Republican senators, the Smoot-Hawley Act, which was signed into effect in 1930 and raised tariffs on more than 20,000 products to levels not seen before in US trade history.Imagine that.
Sunday, January 01, 2017
Business Insider Reminds Everyone Herbert Hoover Didn't Believe In Free Markets.
The Business Insider reminds us: