Everything You Need To Know About Tariffs
Lost Debate
Tariffs and Turmoil: The Smoot-Hawley Act's Legacy
This chapter examines the historical significance of the Smoot-Hawley Tariff Act within the context of the Great Depression, detailing its inception as a protective trade measure. It explores the adverse effects of high tariffs on the U.S. economy and the subsequent global backlash, particularly impacting agriculture. Additionally, the chapter traces the evolution of U.S. trade policy and the shifting dynamics of tariff discussions in modern administrations.
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