The Smoot–Hawley Tariff Act was a big enough disaster to be covered in my US history class. It worsened the great depression and doubled unemployment (economists caution that cause and effect can’t be determined yada yada yada).
Anyway I just looked at it and it was 60% and not even on all goods. Lmao.
I was taught it was one of the causes of WWII. Countries stopped international trade, which resulted in food shortages, which resulted in fascists invading their neighbors. Smoot-Hawley in the US amplified problems caused by the Dust Bowl. Had the US been more open to trade, we could have imported food while providing other countries with things like steel and coal.
One of the few times high school didn’t teach me bullshit Holocaust denial lmao
https://en.wikipedia.org/wiki/Trade_war#List_of_trade_wars_or_trade_disputes
The Smoot–Hawley Tariff Act was a big enough disaster to be covered in my US history class. It worsened the great depression and doubled unemployment (economists caution that cause and effect can’t be determined yada yada yada).
Anyway I just looked at it and it was 60% and not even on all goods. Lmao.
Anyone? Anyone?
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
The current one does seem more bigger than most of the wiki list
I was taught it was one of the causes of WWII. Countries stopped international trade, which resulted in food shortages, which resulted in fascists invading their neighbors. Smoot-Hawley in the US amplified problems caused by the Dust Bowl. Had the US been more open to trade, we could have imported food while providing other countries with things like steel and coal.
One of the few times high school didn’t teach me bullshit Holocaust denial lmao
Hmm that list has one country appear often throughout the ages.
https://en.wikipedia.org/wiki/Geographical_bias_on_Wikipedia
truly, nothing is new under the sun.