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 · 23 days 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

RowRowRowYourBot · 22 days ago

Yes the money was moved out of the tax havens because it was preferable to have here after the top rates were reduced. That’s why it is considered to be a viable notion

HubertManne@piefed.social · 22 days ago

See. to me. we became the tax haven.

RowRowRowYourBot · 22 days ago

That’s a fairly accurate reading of an unintended result of this.

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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