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  1. Embed this notice
    Jay Thurber Show (jaythurbershow@union.place)'s status on Monday, 27-Jan-2025 12:52:48 JST Jay Thurber Show Jay Thurber Show

    When I say HAWLEY
    You say SMOOT
    HAWLEY (SMOOT)
    HAWLEY (SMOOT)

    https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act

    #tariffs

    In conversation about 3 months ago from union.place permalink

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    1. Domain not in remote thumbnail source whitelist: upload.wikimedia.org
      Smoot–Hawley Tariff Act
      The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was a law that implemented protectionist trade policies in the United States. Sponsored by Senator Reed Smoot and Representative Willis C. Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported goods. The tariffs under the act, excluding duty-free imports, were the second highest in United States history, exceeded by only the Tariff of 1828. The Act prompted retaliatory tariffs by many other countries. The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Great Depression. Economists and economic historians have a consensus view that the passage of the Smoot–Hawley Tariff worsened the effects of the Great Depression. Sponsors and legislative history The League of Nations' World Economic Conference met at Geneva in 1927, concluding in its final report that "the time has come...
    • Embed this notice
      feld (feld@friedcheese.us)'s status on Monday, 27-Jan-2025 12:52:47 JST feld feld
      in reply to
      @jaythurbershow the consequences of this was *chefs kiss* :discourse:

      Complete flip of the government as even the Republicans turned on their own representatives
      In conversation about 3 months ago permalink
    • Embed this notice
      Jay Thurber Show (jaythurbershow@union.place)'s status on Monday, 27-Jan-2025 13:37:09 JST Jay Thurber Show Jay Thurber Show
      in reply to
      • feld

      @feld Yeah, but in between it made the Great Depression substantially worse. Although I'm not sure what else is going to break through the heads of the American public other than a systemic collapse. I've never been an accelerationist, but I'm starting to believe we need a complete hard reset.

      Luckily I have no marketable skills anyway.

      Wanna buy some apples?

      In conversation about 3 months ago permalink

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      1. https://media.union.place/media_attachments/files/113/898/343/549/097/344/original/812501140604ea76.jpg
      feld likes this.
    • Embed this notice
      feld (feld@friedcheese.us)'s status on Monday, 27-Jan-2025 13:38:31 JST feld feld
      in reply to
      @jaythurbershow Oh yeah I think people need real pain to get perspective on how good they really have it. I don't see us digging out way out. There will be no "soft landing" per se
      In conversation about 3 months ago permalink

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