Both models of state-directed capitalism misallocate resources and make the nation poorer.

The wealthy owners of Staatsburgh, a historic Gilded Age mansion outside New York City, had tickets for the Titanic's second ...

It was long a theme of his: He had been making speeches on the subject of Anglo-American unity of action since 1900, and in 1932 had signed a ... world politics.” Herbert Hoover’s election ...

Photo via Library of Congress ... 1929 that marked the start of the Great Depression – President Herbert Hoover signed the now-infamous Smoot-Hawley Tariff Act authored by Sen.

President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what ...

In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way ...

Recently, the US government has been wielding the stick of additional tariffs, a move that not only impacts its own economy ...

Not since Herbert Hoover signed the Smoot-Hawley Tariff has a president chosen to disregard a larger body of informed opinion than President Trump did when he instituted his protectionist trade ...

One of the more well-known in US history is the Smoot-Hawley Tariff Act, or more formally known as the United States Tariff Act of 1930 that President Herbert Hoover signed during the start of the ...

Advertising After the Great Depression started in 1929, President Herbert Hoover signed into law the Smoot-Hawley Tariff Act of 1930 in an effort to protect domestic industries. Historians broadly ...