Washington: President Herbert Hoover signs the
Smoot-Hawley Tariff Act, putting in force immediately a wide range of tariff
increases on thousands of imported products.
The law changes the tariff rates on 1,122 products entering the United
States, raising them in 887 cases. Economic experts have warned that the act will only exacerbate the depression, and several U.S. trading partners have said they will retaliate.
Helsinki: Communist agitation has reached such heights
that citizens are taking matters into their own hands. In northern Finland, mobs have begun driving
communists toward the Russian border to rid their communities of their
troublemaking. In the capital, civic
organizations have petitioned the government to suppress the communist party
and its newspapers. Communist
organizations in Helsinki, Ulenborg and Vaza have ceased activities in the face
of the opposition.
No comments:
Post a Comment