Trade Policy Disaster
The extreme protectionism that contributed to a collapse of world trade in the 1930s is examined in light of the recent economic crisis.
The recent economic crisis—with the plunge in the stock market, numerous bank failures and widespread financial distress, declining output and rising unemployment—has been reminiscent of the Great Depression. The Depression of the 1930s was marked by the spread of...
The extreme protectionism that contributed to a collapse of world trade in the 1930s is examined in light of the recent economic crisis.
The recent economic crisis—with the plunge in the stock market, numerous bank failures and widespread financial distress, declining output and rising unemployment—has been reminiscent of the Great Depression. The Depression of the 1930s was marked by the spread of...
