TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History

realitista@lemm.ee · 2 months ago

TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History

HubertManne@piefed.social · 2 months ago

I would not even say it worked once in 83. Lower rates are one possible reason but like anything with the economy there are plenty of factors including cyclical changes that could explain it.

RowRowRowYourBot@sh.itjust.works · edit-2 12 hours ago

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HubertManne@piefed.social · 2 months ago

I mean that sounds more like a tax haven situation. Honestly to stop that I think countries should require companies meet their tax rate globally where they can deduct what they pay elsewhere.

RowRowRowYourBot@sh.itjust.works · edit-2 12 hours ago

deleted by creator

HubertManne@piefed.social · 2 months ago

See. to me. we became the tax haven.

RowRowRowYourBot@sh.itjust.works · edit-2 12 hours ago

deleted by creator

TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History

TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History

Smoot–Hawley Tariff Act - Wikipedia

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