Trump hailed FDR immediately after he claimed that tariffs would have stopped the Great Depression.
Here's what FDR thought about tariffs:
"Our tariff policy has made us, instead of a nation trying to sell surplus goods, a nation trying to keep goods out. That is a policy of economic stupidity."
Here's what FDR thought about tariffs:
"Our tariff policy has made us, instead of a nation trying to sell surplus goods, a nation trying to keep goods out. That is a policy of economic stupidity."
Comments
"In 1930, the Republican controlled House of Representatives, in an effort to alleviate the effects of the Great Depression, passed the Smoot-Hawley Act which raised tariffs... It did not work and the US sank deeper into the Great Depression."
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