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Happy 95th Birthday to Smoot Hawley
Signed into law by a Republican 17June 1930 to significantly raise import duties. Intended to protect American Farmers and Manufacturers. However the obvious and predictable happened. It triggered retaliatory tariffs from other nations SEVERELY DAMAGING INTERNATIONAL TRADE AND ULTIMATELY WORSENING THE ECONOMIC TURNDOWN.
Those republicans and their brilliant ideas. Ya think Herbert Hoover loved stupid people.
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