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Open Economy Trilemma -- Conclusion -- Chapter 2. Resolving the Trilemma: Protection or Depreciation? -- Britain and the …
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The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with--and sometimes blamed for--the onset of the Great Depression, the collapse of world trade, and the global spread of...
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