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Does this mean war

09 March 2018

Nearly a century ago, two US congressmen, Senator Reed Smoot and Representative Willis Hawley, sponsored a bill to protect American workers by raising tariffs on over 20,000 imported goods. Passage of the 1930 Smoot-Hawley Act sparked tit-for-tat measures worldwide. Over the next five years, as global trade flows plummeted by 66%, America spiraled deeper and deeper into the Great Depression.

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