Great Depression - Smoot-Hawley Tariff Act passed
Time: Tuesday Jun 17, 1930
Place: U.S.
Details: Smoot-Hawley Tariff Act passed, placing more stress on the weakening global economy, primarily through the collapse in trade of agricultural products, which strained banks that had lent heavily to farmers. Further decreases in trade of manufactured products led to layoffs and reduced corporate profits, weakening the economy. General consensus among economists is that the Smoot-Hawley Act did not cause the Depression, but did worsen it and stunted recovery efforts after 1933. Exports declined from $5.2 billion in 1929 to just $1.7 billion in 1933.
Related
Near
Donald Trump-House of Representatives impeached Trump with both articles
Wednesday Dec 18, 2019 - Washington D.C., U.S.
Donald Trump-Abuse of power and obstruction of Congress
Friday Dec 13, 2019 - Washington D.C., U.S.
Nancy Pelosi-Pelosi was re-elected speaker
2009 - U.S.
Donald Trump-Fewer than 20 representatives in the House supported impeachment
Jan, 2019 - U.S.
Nancy Pelosi-Democrats took control of the House
Wednesday Nov 8, 2006 - Washington D.C., U.S.
On This Day - 17 June
George Washington-Washington appeared before Congress in uniform
Saturday Jun 17, 1775 - Philadelphia, Pennsylvania, U.S.
Mozart-His first son and the tragedy
Tuesday Jun 17, 1783 at 02 PM - Vienna, Austria
Abraham Lincoln-Lincoln's House Divided Speech
Thursday Jun 17, 1858 - Springfield, Illinois, U.S.
Igor Stravinsky-Born
Saturday Jun 17, 1882 - Lomonosov (Then Oranienbaum), Saint Petersburg, Russia
Statue of Liberty-Crates arriving at New York
Wednesday Jun 17, 1885 - New York, U.S.
June 1930
Brazilian Revolution of 1930-The Conspiracy Suffered a Setback
Jun, 1930 - Brazil
1930
Vasily Zaitsev-Graduation
1930 - Magnitogorsk, Soviet Union
Ho Chi Minh-Chairing a meeting with representatives from two Vietnamese Communist Parties
1930 - Hong Kong
Marie Curie-The International Atomic Weights Committee
1930 - Paris, France
Martin Bormann-Bormann Set Up The Hilfskasse der NSDAP
1930 - Germany
Heinrich Himmler-Running The SS as a separate Organization
1930 - Germany