This should sound familiar to anyone with a high school diploma. - ThreadSky

bellicosebrew.bsky.social • 32 days ago

This should sound familiar to anyone with a high school diploma.

In 1930, the Smoot-Hawley Tariff Act was made, which aimed to get consumers to buy American products over foreign. In response to this act, trade partners imposed tariffs; labor plummeted, banks crash, and the great depression ensued.

Sound Familiar?

fraser.stlouisfed.org/title/tariff...