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The Great Depression - An Economic History

Patrick Boyle On Finance

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Economic Turmoil: The Prelude to the Great Depression

This chapter explores the economic landscape of the late 1920s in the U.S., focusing on tariff policies and their negative impact on farmers and the economy. It contrasts American lending practices with historical British ones and examines the repercussions of the Smoot-Hawley Tariff on exports and the agricultural sector. The narrative further analyzes the multifaceted causes of the Great Depression, including deflationary strategies and the collapse of global trade.

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