Birdwatch Note Rating
2025-03-04 13:59:41 UTC - HELPFUL
Rated by Participant: 974B2196B37D364F14FE8C1F43A451235C903E2A1805F76A2292438CDE859BF9
Participant Details
Original Note:
While US tariffs in the 1920s were one factor in the Great Depression, they did not cause Black Friday in 1929. OP’s 1930 assertion about tariffs likely references Hawley-Smoot. This accelerated inflation & slowed international trade. Made things worse, but not the “trigger.” https://www.britannica.com/topic/Smoot-Hawley-Tariff-Act
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