Home > Glossary > Hawley-Smoot Tariff Act

Meaning / Definition of

Hawley-Smoot Tariff Act

Categories: Estate Planning, Business and Management,

Legislation passed in 1930 that shifted the U.S. tariff to the highest level of protection seen during that time. The act sought to especially protect American businesses and farmers. Before the act was enacted, President Hoover was trying to raise the tariff rate on farm products as well as raise some industrial rates. representative Willis C. Hawley and Senator Reed Smoot both campaigned for this legislation and as a result this piece of legislation was named after them.

Featured term of the day

Definition / Meaning of

Flash Mob

Categories: Business and Management,

A secretly-planned (usually via modern computerised social networking technology), quickly-formed, organized group of people, assembled to engage in a quirky activity, typically for the amusement and entertainment of the participants. Potentially the term may be applied to similar gatherings organized for more conventional promotional, protest or other publicity/pressure purposes, although this strays somewhat from the usual concept, in which the flash mob event is an aim in itself, rather than part of a wider campaign with a specific purpose. The expression is not new. It originated in the 1940s US underworld when it referred to a gang of thieves or confidence tricksters. The word flash has been used in various criminal contexts since the 1600s and in the original 1940s phrase flash mob, flash literally meant criminal. The modern use of the flash mob expression naturally fits the notion of flash photography, a fast or fleeting appearance, a 'flash of inspiration', and especially the recent understanding of flash in relation to quick technology such as flash memory and flash drives. See also mob.

Most popular terms

1. Principal Register
2. Charitable Remainder Trust
3. Broad-base Index
4. Family Exclusion
5. Absolute Exclusions
6. Direct Investment
7. Lead Time
8. Limited Severability Provision
9. FTSE
10. Cash Forward Contract

Search a term

Keyword:

Browse by alphabet

ABCDEFG
HIJKLMN
OPQRSTU
VWXYZ#

Browse by category

Accounting
Banking
Bankruptcy Assistance
Bonds and Treasuries
Brokerages
Business and Management
Compliance and Governance
Credit and Debt
E-commerce
Economics
Estate Planning
Forex
Fraud
Fundamental Analysis
Futures
Global
Insurance
International Trade
Investing and Trading
Ipos
Legal
Loan and Mortgage
Mergers and Acquisitions
Mutual Funds
Operation and Production
Options
Patent
Personnel Management
Real Estate
Retirement and Pension
Statistics and Risk Management
Stocks
Strategies
Tax
Technical Analysis
Venture Capital