General on Yik Yak | Did everyone forget about the Great Depression??? Increased tariffs by 20% to attempt to save a failing economy which ended in essentially haulting global trade for 10 years??

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General 16w

Did everyone forget about the Great Depression??? Increased tariffs by 20% to attempt to save a failing economy which ended in essentially haulting global trade for 10 years??

Anonymous 16w

I forgot about your mom

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Anonymous 16w

So did we forget about William McKinley? A protectionist that had strong economic growth from tariffs? Or are we going to cherry pick one instance of it not working during a recession? It’s obviously risky, but things need to change, and I’m willing to wait to see it happen.

Anonymous 16w

this is dumb, tariffs were not why the great depression happened, it was big banks over lending to people with terrible credit

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Anonymous

#5 16w

All the borrowing on margin was the immediate trigger, the tariffs were intended to protect American manufacturing in response and ended up destroying trade

Anonymous

#4 16w

No silly goose. You’re wrong and just listen to CNN all day

-4

Anonymous

mrbeast 16w

No shot that’s real

Anonymous

#4 16w

they never destroyed trade, the crash was already underway when the tariffs were set in place and they didn't help the depression but that was because of the retaliation tariffs. We as a country are past the stage of retaliation and have began negotiating. If the crash was gonna happen because of the tariffs it would've already happened

Anonymous

#5 16w

“to attempt to save a failing economy” did we not finish reading

Anonymous

#7 16w

Those tariffs protected industrialists from foreign competition, but also negatively impacted average consumers and local farmers due to the increased cost of goods. McKinley should be more praised for his attempts to lower the unemployment rate, which did more to stimulate our majority consumer driven economy.

Anonymous

OP 16w

we are nowhere close to a failing economy. ur jus saying words now

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