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Hawley-Smoot Tariff Act

(Encyclopedia)Hawley-Smoot Tariff Act, 1930, passed by the U.S. Congress; it brought the U.S. tariff to the highest protective level yet in the history of the United States. President Hoover desired a limited upwar...

Smoot, Reed

(Encyclopedia)Smoot, Reed smo͞ot [key], 1862–1941, U.S. senator (1903–33), b. Salt Lake City, Utah. He became successful as a banker and was prominent in the affairs of the Church of Jesus Christ of the Latter...

tariff

(Encyclopedia)tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economi...

Payne-Aldrich Tariff Act

(Encyclopedia)Payne-Aldrich Tariff Act, 1909, passed by the U.S. Congress. It was the first change in tariff laws since the Dingley Act of 1897; the issue had been ignored by President Theodore Roosevelt. The Repub...

Wilson-Gorman Tariff Act

(Encyclopedia)Wilson-Gorman Tariff Act: see Wilson, William Lyne; Gorman, Arthur Pue. ...

Payne, Sereno Elisha

(Encyclopedia)Payne, Sereno Elisha sərēˈnō [key], 1843–1914, American legislator, b. Hamilton, N.Y. He was admitted to the bar (1866), practiced at Auburn, N.Y., and was active in Republican politics. He serv...

Gorman, Arthur Pue

(Encyclopedia)Gorman, Arthur Pue, 1839–1906, American legislator, b. Woodstock, Md. After serving from 1869 to 1879 in the Maryland legislature, he was elected to the U.S. Senate in 1880. Gorman had by this time ...

reciprocal trade agreement

(Encyclopedia)reciprocal trade agreement, international commercial treaty in which two or more nations grant equally advantageous trade concessions to each other. It usually refers to treaties dealing with tariffs....

Underwood, Oscar Wilder

(Encyclopedia)Underwood, Oscar Wilder, 1862–1929, American political leader, U.S. Senator from Alabama (1915–27), b. Louisville, Ky. A lawyer in Birmingham, Ala., he became important in Democratic party politic...

Wilson, William Lyne

(Encyclopedia)Wilson, William Lyne, 1843–1900, American legislator, cabinet member, and university president, b. Jefferson co., Va. (now in W.Va.). He was a private in the Confederate army in the Civil War, and a...