The implementation of the Tariff Act of 1930, with debates between protectionists and economists, was ultimately a failed diplomacy. Although there was an initial success with the increase in production and jobs in the United States, the global trade economy significantly declined and the unemployment rates increased, which failed the American people by worsening the effects of the Great Depression and leading to the rise of Hitler.
"The Smoot-Hawley tariff, enacted on the eve of the economic collapse of the early 1930s, will forever be associated with an outbreak of worldwide protectionism, the collapse of world trade, and the onset of the Great Depression."
- Douglas Irwin, 1998
Ferris Bueller's Day Off
Sang Hyun Chun, Senior Division, Individual Website, Word Count: 1199, Process Paper Word Count: 492, Total Media Time: 2:08