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...British to cooperate in a post-war plan removing restrictions on the flow of international trade. This would mean perhaps the end of the Empire preferential tariff program. In turn, the U.S. would have to reconsider its own tariff structure from stem (1922 Fordney-McCumber Act) to stern (1930 Smoot-Hawley...

Author: /time Magazine | Title: National Affairs: Beyond the Horizon | 12/1/1941 | See Source »

...make the article on the Smoot-Hawley Tariff interesting reading, you unblushingly showed that as a consequence of its passage, more than a dozen unrelated, world-shaking events resulted. Are we to believe that if the tariff act had not been passed, we would have no Hitler and World...

Author: /time Magazine | Title: Letters, Aug. 25, 1941 | 8/25/1941 | See Source »

...fair with the dead. Mr. Smoot didn't cause "World War II," nor did the passage of the tariff bill...

Author: /time Magazine | Title: Letters, Aug. 25, 1941 | 8/25/1941 | See Source »

...should have underlined the following statement: "Economic nationalism, forced into full flower by the Smoot-Hawley Tariff, became the physical basis for the ideology of Fascism...

Author: /time Magazine | Title: Letters, Aug. 25, 1941 | 8/25/1941 | See Source »

...referring to the Smoot-Hawley Tariff . . . you charge to it all the country's ills the past eight years except the drought and the grasshoppers. . . . Evidence that the law is needed is found in fact that the Democrats, loudest campaign critics of the measure, have not repealed it although in complete Congressional power since 1933. The flank attacks on the tariff system by reciprocal trade treaties merely indicate recognition of system's value to America. Very unfortunate to start undermining protective tariff system now when the ending of the war with accompanying rush for markets will make America...

Author: /time Magazine | Title: Letters, Aug. 25, 1941 | 8/25/1941 | See Source »

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