Properties (53)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
tariff act
|
| gptkbp:associatedWith |
economic isolationism
|
| gptkbp:consequences |
long-term economic effects
|
| gptkbp:controversy |
tariff policy effectiveness
opposition from economists |
| gptkbp:countryOfOrigin |
Senators_Reed_Smoot_and_Willis_C._Hawley
|
| gptkbp:criticism |
seen as a failure
|
| gptkbp:economicActivity |
global economic downturn
mercantilism delayed economic recovery restrictive trade policy |
| gptkbp:economicImpact |
recession
protectionism vs. globalization |
| gptkbp:economy |
influenced future trade policies
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
Reciprocal Trade Agreements Act |
| gptkbp:goal |
protect_American_industry
|
| gptkbp:historical_analysis |
studied by economists
|
| gptkbp:historicalContext |
1920s economic policies
|
| gptkbp:historicalImpact |
shaped future trade legislation
|
| gptkbp:historicalPeriod |
protectionism vs. free trade
importance of trade agreements |
| gptkbp:historicalSignificance |
impact on international trade relations
example of failed protectionism |
| https://www.w3.org/2000/01/rdf-schema#label |
Smoot-Hawley Tariff Act
|
| gptkbp:impact |
higher prices
increased tariffs retaliatory tariffs from other countries decreased exports decreased imports benefited some farmers benefited some manufacturers job losses in export industries contributed_to_the_Great_Depression |
| gptkbp:influencedBy |
economic conditions of the 1920s
|
| gptkbp:internationalClassification |
countries raised tariffs
|
| gptkbp:legacy |
debate over trade policy
|
| gptkbp:legislation |
passed_by_Congress
|
| gptkbp:marketSegment |
strained international relations
|
| gptkbp:opposedBy |
business interests
|
| gptkbp:politicalPosition |
Great Depression
tariff reform discussions |
| gptkbp:president |
opposed_by_Franklin_D._Roosevelt
supported_by_Hoover |
| gptkbp:publicAccess |
mixed reactions
|
| gptkbp:relatedTo |
protectionism
|
| gptkbp:resultedIn |
trade wars
|
| gptkbp:revenue |
increased government revenue
|
| gptkbp:signature |
gptkb:Herbert_Hoover
|
| gptkbp:supportedBy |
agricultural interests
|
| gptkbp:tradedOn |
increased trade deficit
|
| gptkbp:type |
protective tariff
|
| gptkbp:yearEstablished |
1930
|