Irwin, Douglas A.; Irwin, Douglas A. - 2017
's most infamous trade law. It is often associated with--and sometimes blamed for--the onset of the Great Depression, the … collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot … and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an …