this post was submitted on 04 Apr 2025
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Microblog Memes

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[–] Colloidal@programming.dev 54 points 23 hours ago (3 children)

If I recall my history right, the 1929 stock market collapse precipitated the Great Depression, and the tariffs were a (misguided) attempt at trying to set the economy straight.

[–] Sprawl@lemmy.world 1 points 8 hours ago (1 children)

Did it make it better or worse?

[–] evidences@lemmy.world 4 points 7 hours ago* (last edited 7 hours ago) (1 children)

In case you are seriously asking this is from Wikipedia.

Intended to bolster domestic employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to U.S. exports and global trade plummeting. Economists and historians widely regard the act as a policy misstep, and it remains a cautionary example of protectionist policy in modern economic debates.

Soooo much much worse.

[–] Sprawl@lemmy.world 1 points 6 hours ago

I figured as such but since he was saying OP was wrong, I thought it worth asking.

[–] Rekorse@sh.itjust.works 21 points 20 hours ago

Dont let facts get in the way of a cheeky social media post.

[–] Madison420@lemmy.world 7 points 20 hours ago* (last edited 20 hours ago) (1 children)

Ferris bueller kinda called this one.

The bueller... bueller... bueller bit is preceded by ben stein explaining the Hadley snoot tariffs to a visibly bored and distracted classroom.

[–] slag@lemmy.dbzer0.com 4 points 19 hours ago

From Smoot-Hawley to Bueller-Trumpy.