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The Tariff Act of 1890 raised taxes to 49.5% on 1,500-plus items. Championing the move was the “Napoleon of Protectionism,” ...
A crowd of depositors gather in the rain outside Bank of United States after its failure in 1931 during the Great Depression. Photo by World Telegram staff photographer from the Library of ...
Of course, the offshoot of that is that tariffs hurt consumers. Koreans might have been able to buy foreign cars, without the ...
In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and ...
The Great Depression began with “Black Tuesday” on Oct. 29, 1929, when a panic selloff triggered a stock market collapse, wiping out thousands of investors who had borrowed heavily.
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