Today I learned on Nostr: TIL The Smoot-Hawley Act raised tariffs to the second highest in U.S. History in ...

TIL The Smoot-Hawley Act raised tariffs to the second highest in U.S. History in 1930, prompting retaliatory tariffs by other countries. causing exports and imports to decline by 2/3. Economists and economic historians have agreed that the Act worsened the Great Depression.

https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
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