🇺🇸📉 The Great Depression and Tariffs:

• 📆 Background: The Great Depression began in 1929 with the stock market crash and led to a global economic downturn throughout the 1930s.

• 📜 Smoot-Hawley Tariff Act (1930):

  • Signed into law by President Herbert Hoover, this act raised U.S. tariffs on over 20,000 imported goods to historically high levels.

  • It was intended to protect American farmers and manufacturers from foreign competition.

• 📉 Backfire Effect:

  • Other countries retaliated by imposing their own tariffs.

  • This led to a global decline in trade, worsening the economic crisis.

  • U.S. exports dropped significantly, which hurt industries and deepened unemployment.

• 📊 Economic Impact:

  • Trade volumes worldwide fell by over 50% between 1929 and 1933.

  • Many economists and historians believe the Smoot-Hawley Tariff intensified and prolonged the Great Depression.

• 🧠 Modern View:

  • Today, it’s often cited as a cautionary tale of how protectionist policies can backfire during economic downturns.

So yes, tariffs were not only present but played a controversial and damaging role in the U.S. economy during the Great Depression.

Ovo smrdi na Trump ekonomiju, isti racku. Dobrodošla depresija 🤬

Trump otpustio ženu koja mu je dala izvještaj da su brojke zaposlenih katastrofa 🤣 Amerika je sada N. Koreja, svaka čast maga.

u prvih 6 mjeseci prosle godine Biden je deportirao 410000 useljenika

u prvih 6 mjeseci ove godine Trump je kao svoj najvazniji program u kampanji deportirao 290000

kakav manipulator

Trump je jučer dao otkaz komesarki za statistiku zaposlenosti zbog 'lažnog izvještaja' o gubitku poslova.

Početkom lipnja mu se sviđao izvještaj 'great job numbers' je tweet od 6.6.

Sve više se pretvara u ludog cara, počet ćemu ovi iz administracije lagati samo da bi sačuvali dupe i poziciju. Potemkinova sela, USA version. 

https://newrepublic.com/article/198743/trump-desperately-trying-rig-economic-data-favor

Trump Is Desperately Trying to Rig Economic Data in His Favor

The firing of the head of the Bureau of Labor Statistics is the latest front in the president’s war on objective reality.

On Friday, Donald Trump fired Erika McEntarfer, the head of the Bureau of Labor Statistics, for the crime of doing her job. Earlier that day, the BLS had released new jobs numbers that showed anemic growth in July—just 73,000 jobs were added—and revised numbers for May and June that showed decreases in total jobs for those months. Overall, the picture was bleak: Just 106,000 jobs added over three months. The president, unsurprisingly, was furious, and as such, immediately began alleging an elaborate and nonsensical conspiracy to undermine his administration. “Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes,” Trump wrote on his bespoke social network Truth Social.

McEntarfer wasn’t the only federal employee in his sights; he also took the opportunity to lambaste Fed Chair Jerome Powell, who has long been a target of his ire. “The Economy is BOOMING under TRUMP,” he wrote in a wild run-on sentence with a variety of punctuation, “despite a Fed that also plays games, this time with Interest Rates, where they lowered them twice, and substantially, just before the Presidential Election, I assume in the hopes of getting ‘Kamala’ elected—How did that work out? Jerome ‘Too Late’ Powell should also be put ‘out to pasture.” (Powell was appointed by Trump in 2018.)

Trump is right, obviously, to be upset about the jobs numbers. They’re really bad—the worst numbers since the height of the Covid pandemic. Before that, the last time there were jobs numbers this bad was during the Great Recession. But Trump, although he will never admit it, has no one to blame for the state of the economy but himself. His decision to fire McEntarfer—and, as a result, cast doubt on the reliability of all future data, not just from the Bureau of Labor Statistics but from any economic agency—will only make things worse.


"They’re really bad—the worst numbers since the height of the Covid pandemic. Before that, the last time there were jobs numbers this bad was during the Great Recession" 😂

Prebaciće World cup, može kod nas.

Trump eliminates funding for NASA carbon monitoring satellites that track greenhouse gas emissions and crop health globally.

Mora li uništiti sve dobro i korisno 😁😬

https://x.com/Mike_Pence/status/1953204287913509339

American Companies and American Consumers Pay the Cost of American Tariffs.

Ford Paid $800 Million in Tariff Costs Over 3 months.