Search results
Results from the WOW.Com Content Network
He soon imposed tariffs on steel (25%) and aluminum (10%) from most countries. [37] [38] On June 1, 2018, this was extended on the European Union, Canada, and Mexico. [38] Separately, on May 10, the Trump administration set a tariff of 25% on 818 categories of goods imported from China worth $50 billion (~$59.8 billion in 2023). [39]
Between 1970 and 1984 in Portugal, Dona Branca maintained a scheme that paid 10% monthly interest. In 1988, she was sentenced to 10 years in prison. She always claimed that she was only trying to help the poor, but in her trial it was proven that she had received the equivalent of €85 million (almost US$120 million). [16] [17]
Commerce Secretary Herbert Hoover took the lead in order to promote trade and investments other than in oil and land, which had long dominated bilateral economic ties. President Álvaro Obregón assured Americans that they would be protected in Mexico, and Mexico was granted recognition in 1923. [ 56 ]
In 1789, Congress passed a tariff act , imposing a 5% flat rate tariff on all imports. Between 1792 and the war with Britain in 1812, the average tariff level remained around 12.5%. In 1812, all tariffs were doubled to an average of 25%, in order to cope with the increase in public expenditure due to the war.
The real value of a bank bill was often lower than its face value, and the issuing bank's financial strength generally determined the size of the discount. However, after several years of experience, with the exception of a few exogenous shocks, different states developed more functional and stable banking industries.
The Hoover administration extended over $100 million in emergency farm loans and some $915 million in public works projects between 1930 and 1932. Hoover urged bankers to set up the National Credit Corporation so that big banks could help failing banks survive. But bankers were reluctant to invest in failing banks, and the National Credit ...
March 13, 1891: Pocket-vetoed H.R. 3308, an act to open and set aside an order of the Court of Claims canceling a portion of a judgement against the United States, remitted through mistake as to the facts in regard to the same by claimant to the United States, and to refer the matter to the Court of Claims for such further action as said court ...
Former President Herbert Hoover develops his critique of New Deal liberalism based on the values of liberty, limited government, and constitutionalism. [10] 1936 1937 cartoon by Joseph L. Parrish in the Chicago Tribune warning Franklin D. Roosevelt's executive branch reorganization plan is a power grab