Today I learned on Nostr: TIL before the Great Depression (1930's), the US President at the time came up with a ...

TIL before the Great Depression (1930's), the US President at the time came up with a tariff strategy called the Hawley Tariff Act, despite warnings against it. It was imposed on many other nations, including Mexico and Canada, who then retaliated with their own tariffs, causing worldwide suffering.

https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1j8jgyp/til_before_the_great_depression_1930s_the_us/