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  • 20-12-2018
  • History
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How did tariffs help cause the Great Depression

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bigbankkaay bigbankkaay
  • 20-12-2018

In 1930, raising tariffs across the board hurt the U.S. economy. Many economists have disagreed that raising tariffs sharply can improve the economy. In particular, experts have pointed to the failure of the Smoot-Hawley Tariff Act, passed in June 1930, to protect U.S. industries with tariff increases.  

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