This is stupid and ahistorical. Smoot raised tariffs from very high to slightly higher. Eichengreen and others have shown it had no real economic effect. Volumes of trade fell because of Depression, not Smoot 1/2https://nyti.ms/2G9Tam4
-
-
yes, when they started thinking about the post-war world. FDR was elected in 32. He went a full term without lifting a finger on tariffs, and a decade without making any serious moves on tariffs.
-
I think it would've been very hard to have any substantial free trade in 1930s give autarkic governments in Europe & Asia. Free trade regime only possible after war
- Show replies
New conversation -
-
-
that's not to take anything away from those international initiatives -- they were real achievements
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.