Birdwatch Note Rating
2024-06-20 23:29:49 UTC - HELPFUL
Rated by Participant: 1D69E9578D2B64BE76ED856434AF4A9C75C48A69A7318AB93C6299614E240DC0
Participant Details
Original Note:
The Smoot-Hawley Tariff of 1930 was adopted as an intended stimulus measure to "protect" American industry from the stock market crash. Instead of stimulating the economy, the measure backfired and caused a global collapse in trade, thereby worsening the Great Depression. https://www.cato.org/publications/problem-tariff-american-economic-history-1787-1934#protectionism-income-tax-era
All Note Details