Repeating Mistakes of the Past

Authors

Robert M. Hardaway, University of Denver Sturm College of LawFollow

Publication Date

2-26-2009

Document Type

Article

Organizational Units

Sturm College of Law

Keywords

Republicans, Great Depression, Smoot-Hawley Act, Tariffs

Abstract

In the 1920s, Republican protectionists ushered in the Great Depression by passing the Smoot-Hawley Act, which raised tariffs and stifled free trade. And in 1929, after the stock market crash, Herbert Hoover tried to save the economy by “bailing out big banks and corporations.”

Sound familiar? Congress today appears determined to follow the same disastrous course as Hoover or, worse, the ill-fated programs of Franklin Roosevelt.

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Recommended Citation

Robert Hardaway, Opinion, Repeating Mistakes of the Past, Denv. Post (Feb. 26, 2009), https://www.denverpost.com/2009/02/26/repeating-mistakes-of-the-past/.