After almost a century of free trade, modified by a comparatively few protective duties levied during and after World War I, Great Britain finally enacted a high tariff in 1932 with provisions to protect members of its empire. In the United States, the Hawley-Smoot Tariff of 1930 increased the value-added duty to 50% on a wide variety of agricultural and manufactured imports.
What is the authors’ tone regarding Great Britain’s tax of 1932?
- Thread starter Kory
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