Birdwatch Note Rating
2024-06-21 15:44:25 UTC - HELPFUL
Rated by Participant: B6B98CBABFE07B33B7FDC7C9ADC6C5AB5104BE95908AAD7F7B2181EDF51583A3
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