Even when world trade finally began to revive after the depression ended, it remained fragmented, developing primarily within trading blocs and regions. It was only after World War II – when the General Agreement on Tariffs and Trade (succeeded in 1995 by the WTO) began the process of multilateral trade liberalization – that Smoot-Hawley’s destructive legacy was finally overcome.
即使世界贸易终于在大萧条结束后开始复苏，它仍然是分散化的，主要在某些贸易集团和地区内部发展。直到第二次世界大战后——当关税及贸易总协定（1995年由WTO成功签署）开始了多边贸易自由化进程——斯穆特-霍利关税法案的破坏性遗留问题才被终结。