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The Threat of a Global Trade War

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At www.time.com

It is an article of faith among economists that rising global protectionism intensified the Great Depression of the 1930s. History looks back at the infamous Smoot-Hawley Act, which jacked up tariffs in the United States, as a disastrous step that stymied the international economic cooperation needed to alleviate the worst economic catastrophe in modern history.

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At www.time.com


 

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