Birdwatch Note Rating
2025-03-04 17:21:27 UTC - HELPFUL
Rated by Participant: 9C8BBA4131C51F25880B838DA50F7CE600DDF4C84DE73D8E61CC56E62AA1BC00
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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