Pat Time | How tariffs tanked U.S. economy: The case of Smoot-Hawley Tariff Act

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One of America's "most CATASTROPHIC acts" tried to fix the economy with sweeping TARIFFS, but then:

📉 Confidence on Wall Street lost

🔁 Countries retaliated

🌍 Global trade plummeted

💀 Great Depression became more depressing

Produced by Xinhua Global Service■