The Smoot-Hawley Tariff Act was a grave error for U.S. trade
policy. As the United States slid into depression, the act
represented a desperation move by Congress and President Hoover.
Since then, presidents have regarded free trade as the rule rather
than the exception. Economist Douglas A. irwin discusses the
Smoot-Hawley Act and its legacy.
Video produced by Caleb O. Brown and Austin Bragg.