Irving Fisher paid money to circulate a petition against this bill, and critics associated it with Senator Grundy.  
Irving Fisher paid money to circulate a petition against this bill, and critics associated it with Senator Grundy.  Robert LaFollette called it "The product of a series of deals, conceived in secret but executed in public", and it led to both the Senate Finance Chair and the House Ways and Means Chair being ousted in the next election. This follow-up to Fordney–McCumber lowered some industrial rates but unnecessarily increased agricultural rates, and was replaced by the Reciprocal Trade Agreements Act. It has been blamed for worsening the Great Depression and was passed after the stock market crash. Name this high 1930 tariff signed by President Hoover.
Irving Fisher paid money to circulate a petition against this bill, and critics associated it with Senator Grundy.  
Smoot-Hawley Tariff Act [or Hawley-Smoot Tariff Act; accept Tariff Act of 1930 before “1930”]