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The object of this research is the antirecession policy of the United States during the Great Depression. The subject of this research The Smoot-Hawley Tariff Act, process of its adoption, and consequences. Special attention is given to the history of increase of tariffs on imported goods. The legislative bill drafted by congressmen R. Smoot and W. Hawley is considered one of the unsuccessful economic reforms in the history of the United States. The tax reform was conceived before the recession and was called to protect local farmers from excess of cheap foreign agricultural products on American markets. However, there was no substantial benefit from the increased tariffs on imports. Most historians find that this measure worsened the position of the lower classes of the population. There is also an opposing opinion that the legislation did not play a serious role in deepening of the recession. The article analyzes the extent of the impact of this legislation in the U.S. during the 1930s. The scientific novelty of this research consists in utilization of the transcripts of addresses of the members of U.S. Congress as the sources for research of the process of passing the legislation, as well as press materials in order to examine opinions on the legislative bill and consequences of increased tariffs. It is established that the adoption of the Smoot-Hawley Tariff Act had negative consequences for the economy, although not as severe as commonly cited. The impact of the new law was not as substantial on the background of the ongoing Great Depression. Passing of the protection measures took place almost simultaneously with other countries, with some countries raising the tariffs before the United States. The tax reform greatly affected the political situation in the United States, playing its role in diminishing the ratings of the President and the Republican Party.&amp;nbsp; 	

The Smoot-Hawley Tariff Act of the 1930 as the classic example of a near-sided economic policy of the U.S. government during the Great Depression