The Depression was triggered by the Smoot-Hawley Tariff Act of 1929--30, which imposed enormous taxes on hundreds of imports.

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It was such protectionism that led to the Smoot-Hawley Tariff Act of 1929--30, the precipitator of the Great Depression.

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Nobody will try to fight the recession by raising interest rates, or by closing the door to imports, as we did in 1930 with the Smoot-Hawley Tariff Act.

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