The Shades of Smoot and Hawley Slouch Toward Washington to be Born,,,
March 10, 2012 Leave a comment
If you heard of the Great Depression of the 1930's before we entered our current one, you've heard of the Smoot-Hawley tariff. You may even know that trade wars employing high, defensive tariffs were a large factor in reducing global business, thus worsening and lengthening the depression. And if you're politically experienced, you realize that politicians learn nothing from history. In that case, …
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