Moving From Protectionism to Liberalization

Merin Yu

Moving From Protectionism to Liberalization: An examination of the 1930 Smoot-Hawley Tariff and the 1934 Reciprocal Trade Agreement Act

Section One: Historical Views of Free Trade

Economists in support of free trade: Adam Smith, David Ricardo, Jean Baptiste Say, Frederic Bastiat, John Stuart Mill, Nicolaas Pierson, William Sumner

Economists in favor of protectionism: Alexander Hamilton, Daniel Raymond, Henry Carey, Adam Muller

Section Two: An Overview of the Smoot-Hawley Tariff

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Section Three: An Overview of the 1934 Reciprocal Trade Agreement

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