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8 months ago

Mark Locke Tariffs, especially the Smoot-Hawley Act of 1930, likely worsened the Great Depression by slashing global trade. U.S. imports from Europe dropped 71% and exports 67% from 1929-1932, while world trade fell 66% by 1934. Retaliation from other nations fueled a trade war, deepening

<a href="/markjlocke/">Mark Locke</a> Tariffs, especially the Smoot-Hawley Act of 1930, likely worsened the Great Depression by slashing global trade. U.S. imports from Europe dropped 71% and exports 67% from 1929-1932, while world trade fell 66% by 1934. Retaliation from other nations fueled a trade war, deepening