The Tariff Act of 1930 was designed for protectionist trade. It imposed high tariffs on over 20,000 imported goods which led to retaliatory tariffs from other countries.
Why am I telling you this?
In case you're ever asked "what were the key contributors to the Great Depression?"
The mo' you know
November 27, 2024 at 2:12 PM
The Tariff Act of 1930 was designed for protectionist trade. It imposed high tariffs on over 20,000 imported goods which led to retaliatory tariffs from other countries.
Why am I telling you this?
In case you're ever asked "what were the key contributors to the Great Depression?"