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Simple English definitions for legal terms

Grundy Tariff

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A quick definition of Grundy Tariff:

The Grundy Tariff, also known as the Smoot-Hawley Tariff Act, was a law passed in 1930 that increased taxes on goods imported into the United States. This made it more expensive for other countries to sell their products in the US, and caused those countries to raise their own taxes on American goods. This led to a decrease in international trade and is believed to have contributed to the Great Depression, a time of economic hardship in the US and around the world.

A more thorough explanation:

The Grundy Tariff, also known as the Smoot-Hawley Tariff Act, was a protectionist law passed in 1930 that increased tariff rates on most imported goods in the United States. This led to other countries implementing similar tariff increases, which contributed to the Great Depression.

The Act was named after its sponsors, Senator Reed Smoot of Utah and Representative Willis C. Hawley of Oregon. However, it is sometimes referred to as the Grundy Tariff because Joseph Grundy, the president of the Pennsylvania Manufacturers Association, was the main lobbyist supporting the Act.

For example, if a foreign company wanted to sell their products in the United States, they would have to pay a higher tariff than before the Grundy Tariff was passed. This made it more expensive for them to do business in the U.S., which led to retaliatory tariffs from other countries. As a result, international trade decreased, and the global economy suffered.

grundnorm | GRUT

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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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