Irwin, Douglas A. - In: The Review of Economics and Statistics 80 (1998) 2, pp. 326-334
In the two years after the imposition of the Smoot-Hawley tariff in June 1930, the volume of U.S. imports fell over 40%. To what extent can this collapse of trade be attributed to the tariff itself versus other factors such as declining income or foreign retaliation? Partial and general...