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We document the outbreak of a trade war after the U.S. adopted the Smoot-Hawley tariff in June 1930. U.S. trade partners initially protested the possible implementation of the sweeping tariff legislation, with many eventually choosing to retaliate by increasing their tariffs on imports from the...
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"In the aftermath of the Napoleonic Wars, the U.S. found its merchants and traders locked out of their traditional markets in Europe and the Caribbean. Hoping for new and profitable American trade relationships, President Andrew Jackson dispatched an unemployed ship-owner and merchant with no...
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