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Jack William Bell /
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2024-11-19 23:24:10
in reply to nevent1q…eygx

Jack William Bell on Nostr: nprofile1q…xtaps FWIW? One of the biggest precipitating causes of the Great ...

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FWIW? One of the biggest precipitating causes of the Great Depression was a global trade war in response to the Republicans instituting protectionist tariffs to 'boost USA manufacturing'.

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

> https://en.wikipedia.org/wiki/Causes_of_the_Great_Depression#Protectionism

Also pointed to as a cause? Disparities in wealth and income.

> https://en.wikipedia.org/wiki/Causes_of_the_Great_Depression#Disparities_in_wealth_and_income

Politicians who fail to learn from history condemn everyone else into repeating it.
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