'THE FACTS': A brief history of tariffs in the US

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Fox Business

Fox Business

Күн бұрын

'Making Money' host Charles Payne discusses the truth and history of tariffs. #foxbusiness #makingmoney
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Пікірлер: 951
@HamzaSan8
@HamzaSan8 4 күн бұрын
If you have advanced financing, thank you Jesus, a beneficiary of $32,000, sourced from an economical situation.
@NoémieChauvin-t7d
@NoémieChauvin-t7d 4 күн бұрын
Thanks to Mrs. Louise
@NoémieChauvin-t7d
@NoémieChauvin-t7d 4 күн бұрын
She is a licensed broker here in the United States
@AlexisRoger-p4t
@AlexisRoger-p4t 4 күн бұрын
How..? I am new to crypto investing, can you guide me on how you made your profits?
@AliciaGay-g9l
@AliciaGay-g9l 4 күн бұрын
YES!!! That's exactly her name (Mrs. Louise), so many people have highly recommended her and I just started with her from Belgium.
@VictoriaVerhoeven
@VictoriaVerhoeven 4 күн бұрын
I'm surprised this name is mentioned here, I came across a testimonial from one of his clients on CNBC news last week.
@goinsgroove
@goinsgroove 7 күн бұрын
Did he just skip over the Great Depression?
@truerthanyouknow9456
@truerthanyouknow9456 7 күн бұрын
LEAPED right over it
@FYI003
@FYI003 7 күн бұрын
Rather selective analysis on his part.
@julieoaks4316
@julieoaks4316 6 күн бұрын
Its fox entertainment of course they skipped over 😂😂😂
@CDNVET
@CDNVET 6 күн бұрын
LOL,, And Tariffs were a leading factor for the great depression,,,,, LOOK,,,,,, A squirrel!
@nickh3043
@nickh3043 6 күн бұрын
@@truerthanyouknow9456 “most people believe the first story they hear and most people don’t do any research”. Let me tell you the truth according to me. Leave out the Great Depression, which was caused by tariffs.
@ebb1992
@ebb1992 7 күн бұрын
2:40 conveniently not showing the great depression of the 1930s I see, thanks for the history lesson!
@upstateNYfinest
@upstateNYfinest 7 күн бұрын
They really struggle to even pretend to do serious journalism
@monicadelreal8212
@monicadelreal8212 7 күн бұрын
😂😂 and yet you’re still watching. Tell me your fan, without telling me you’re a fan.
@ebb1992
@ebb1992 7 күн бұрын
@monicadelreal8212 know thy enemy
@themcguires3562
@themcguires3562 7 күн бұрын
Forgot the Smoot Hawley Act, 1929. Then what happened.....
@theuntoldtruthstupidpeople4783
@theuntoldtruthstupidpeople4783 7 күн бұрын
@@upstateNYfinest Just like your side always struggle to pretend they know what they are talking about. 😂😂 😂😂
@FarishKashefinejad
@FarishKashefinejad 7 күн бұрын
So, are we just ignoring the Great Depression being the reason why there was deflation?
@stevens8185
@stevens8185 7 күн бұрын
And jeopardize the MAGA misinformation, education continuation taught by FOX? Come now, keep your education and clarity of thought to yourself!
@kylerock2043
@kylerock2043 6 күн бұрын
Yea clearly they don't need to know that 7 million people died due to lack of food from the great depression... I mean most fox viewers mainly live in red states which will benefit massively from tariffs causing another depression. LOL jk.....they will starve.
@SlimeFive
@SlimeFive 6 күн бұрын
@@stevens8185this comment is informative for some ppl, don’t cloud that if you are really concerned.
@greg1685
@greg1685 6 күн бұрын
Nah we'll just live it instead
@headspaceandtiming2114
@headspaceandtiming2114 5 күн бұрын
Typical. You want a 6 minute take on tariffs and a explanation of the Depression. Smoot/Hawley tariffs where a bad reaction to the sliding economy. Not the cause of the depression. By 1930 the depression was world wide. Take a 101 economics history class before you get all indignant.
@truerthanyouknow9456
@truerthanyouknow9456 7 күн бұрын
The economy now is very different than a century ago. Please factor that in and stop yammering absurdities. These tariffs will be paid by American citizens.
@brianoleson5785
@brianoleson5785 7 күн бұрын
really cause a whole lot of similarities formed in the 2020s like back then. and some of them we havent seen in 90-100 years a pandemic for one the 1918 spanish flu 2019 covid m2 money supply contracts in 1932 i believe ? it didnt do it again until 2022 or 2023 then we have tarrifs now there is no period from 1940-2020 in 80 years that has anything like this prior would be 1918-1930s
@janecreek681
@janecreek681 5 күн бұрын
They did great harm to our economy when they were implemented right before the depression.
@sailorichiban
@sailorichiban 5 күн бұрын
@@brianoleson5785 HISTORY IS A GOOD STUDY , AS OFTEN IT REPEATS ITSELF.
@headspaceandtiming2114
@headspaceandtiming2114 5 күн бұрын
@@truerthanyouknow9456 How so? The last set of tariffs put in by Trump and left by Biden, didn’t. The producers dropped their prices. Explain your comment.
@truerthanyouknow9456
@truerthanyouknow9456 5 күн бұрын
@@headspaceandtiming2114 Please type in the following words into your search engine "The Great Depression" and enjoy learning about how criminally revisionist this video is.
@whiskeygamesnerdstuff789
@whiskeygamesnerdstuff789 7 күн бұрын
Tariffs are a Tax, Companies Not Countries Pay The Tariff Tax, That TAX is often passed along to the consumer.
@ColdRunnerGWN
@ColdRunnerGWN 7 күн бұрын
Shhh. You're interrupting the gaslighting with facts.
@whiskeygamesnerdstuff789
@whiskeygamesnerdstuff789 7 күн бұрын
@ I posted a video on it using Monopoly money.
@ColdRunnerGWN
@ColdRunnerGWN 7 күн бұрын
@ - You need to open a history book. The GD ended due to WWII, not due to some magic tariffs.
@Anonymous-dk5qu
@Anonymous-dk5qu 7 күн бұрын
often? You meant to say ALWAYS???? This isn't socialist Russia, it's capitalist America, where the "F you got mine" mentality is running rampant.
@stevens8185
@stevens8185 7 күн бұрын
@@ColdRunnerGWN Chucky asks no “facts” peddling in the comments please!
@eltosho71
@eltosho71 7 күн бұрын
Fox is the last place to go for facts.
@bobbrown5951
@bobbrown5951 7 күн бұрын
@eltosho71 And this is exhibit A. Fox tells their viewers what they want to hear and it's all spin and nonsense.
@paulayuk3690
@paulayuk3690 7 күн бұрын
💯 u right. Fox News need Jesus
@ColdRunnerGWN
@ColdRunnerGWN 7 күн бұрын
@ paulayuk3690 - If he showed up, they'd demand he be deported.
@BryanMarino-to5ph
@BryanMarino-to5ph 6 күн бұрын
You got that right!
@darin7369
@darin7369 6 күн бұрын
But yet you're here listening...
@atomic4728
@atomic4728 5 күн бұрын
I just wanted to see Fox's take on the tarriffs. 🤦 More bull.💩
@Tailionis
@Tailionis 5 күн бұрын
Fox and Left media are full of it. None of them are honest. Wake up. We need a revolution against the elites, not the party -_-
@josephkostinko739
@josephkostinko739 5 күн бұрын
Everyone says tariffs are not good, but leave it to Fox to claim the opposite.
@headspaceandtiming2114
@headspaceandtiming2114 5 күн бұрын
@@atomic4728 Biden left all Trump 1.0 tariffs in place. The origin countries absorbed that increase. Explain your rational.
@atomic4728
@atomic4728 5 күн бұрын
@headspaceandtiming2114 Geez! All Republicans could talk about for 4 years is prices and inflation going up and this is going to make things better? Don't bother explaining yourself.🙉
@Garywhitetrumphobgobbler
@Garywhitetrumphobgobbler 7 күн бұрын
Fox buisness is definitely in someones pocket....
@darin7369
@darin7369 6 күн бұрын
Apparently you don't like history if it doesn't support your narrative.
@RexLapin73
@RexLapin73 6 күн бұрын
Welcome to Russian propaganda college
@headspaceandtiming2114
@headspaceandtiming2114 5 күн бұрын
@@darin7369All of these “economists” commenting forget, the depression was world wide by 1930. Smoot/Hawley was a bad reaction to a sliding economic situation. Not the cause.
@elvijenkins2958
@elvijenkins2958 5 күн бұрын
@@darin7369 there's narratives and then there's the truth. I prefer the latter.
@Denice340
@Denice340 5 күн бұрын
He is a buffoon. I have no idea why he is even on TV. He is literally stealing his paychecks. No one is conned by this conman.
@LloydWilliams-v8x
@LloydWilliams-v8x 5 күн бұрын
The great depression followed those tariffs, genius
@billf4186
@billf4186 5 күн бұрын
He’s not a genius…. 😂
@greensmy1color
@greensmy1color 4 күн бұрын
It looked like the they came in the midst of it. Not a direct cause
@mengkham
@mengkham 7 күн бұрын
What happened to the US farmers after Trump's tariffs? They lost so much money that the US government has to subsidize them billions dollar.
@ColdRunnerGWN
@ColdRunnerGWN 7 күн бұрын
In fact, just about every dollar collected by the tariffs he leveled against China last time was funneled back to the farmers. So much for making the US rich.
@MrDanhoffman
@MrDanhoffman 7 күн бұрын
You wait until they start taking there help . Many farmers that voted for Trump will be out of business.
@stevens8185
@stevens8185 7 күн бұрын
This could be an issue if in fact, there’s anyone left to harvest…
@Jl3215TOR
@Jl3215TOR 7 күн бұрын
@@MrDanhoffmanFarmers will be the target of tariffs from all nations. They are easy targets that can easily be replaced by imports from other countries, or that nation can live with out that particular fruit or produce for small periods until it becomes in season. I feel for the farmers cause they are the backbone of a nation
@hillbillybeerdranker6678
@hillbillybeerdranker6678 6 күн бұрын
The farmers can grow something else. We can't sacrifice our whole economy so they can sell beans to China.
@ronaldcampbell4191
@ronaldcampbell4191 6 күн бұрын
This was the craziest crash course on economics I have ever seen. Forget the gilded age where workers and average joe's were destroyed, bypass the depression, etc. This is gold. He should teach economics at Liberty or Oral Roberts.. hopefully not a real school.
@shellbell1517
@shellbell1517 5 күн бұрын
It’s really disturbing actually. Seriously.
@Kawffeeee
@Kawffeeee 7 күн бұрын
So we're not going to connect tariffs in the 20s to the depression in the 30s?
@nnamdi602
@nnamdi602 7 күн бұрын
No cause that would be common sense
@shrimpkins
@shrimpkins 7 күн бұрын
Certainly they didn't help the situation. But perhaps the greater culprit was the newly created Federal Reserve printing money recklessly, which went first to commercial bankers, then to their favored industrial clients, then eventually to the street. That's the real "trickle-down economics", I think. The collusion between politicians and the central banks who expand and contract the money supply to attempt social engineering. Not only does it lever up the wealth of a narrow plutocracy, but it destructively distorts economic signals. If only rich people benefited, there wouldn't have been so many Wall Street execs committing suicide after the crash. Few saw it coming, due to the Fed's clandestine intervention in the money supply.
@Kawffeeee
@Kawffeeee 7 күн бұрын
@shrimpkins thank you for the insight, gives me some new stuff to look into!
@McGriff99
@McGriff99 7 күн бұрын
@@nnamdi602aren’t fox viewers always complaining about lack of common sense?
@shrimpkins
@shrimpkins 7 күн бұрын
Another guy I was talking to on Quora also gave me something to think about the other day. He thinks tariffs have pressured foreign car makers to open US manufacturing facilities, which I hadn't considered. But he may be right. US labor is quite expensive, and enticing foreign industry is difficult.
@guillermogutierrez7018
@guillermogutierrez7018 6 күн бұрын
That is why I can’t watch much FOX.. no Great Depression, I think that is what Trump wants to bring back.
@stevens8185
@stevens8185 7 күн бұрын
Such BIG, BEAUTIFUL gaslighting Chuck! Your alternative facts are impressive.
@buckwheat-1066
@buckwheat-1066 6 күн бұрын
They are not facts, facts mean truth, and these are called untruths. Sorry the truth hurts!
@billf4186
@billf4186 5 күн бұрын
And he looks so convinced of his own presentation! It’s amazing how convincing a big fat paycheck can influence personal opinion.
@seanboucher4805
@seanboucher4805 7 күн бұрын
After doing nothing at the start of the great depression the US Government then decided to apply tariffs to all countries. this made the great depression last longer because all those countries applied tariffs on the US. What is that expression about history repeating itself. Funny he did not mention this the 1930s.
@Garywhitetrumphobgobbler
@Garywhitetrumphobgobbler 7 күн бұрын
Lies by ommission.... he keyed up the talking points by saying the "truth" no dates one act bubbled through like a true dei hire
@TristenPKlein
@TristenPKlein 6 күн бұрын
No the depression was caused by FDR policies not tariffs.
@seanboucher4805
@seanboucher4805 6 күн бұрын
Not sure what you are saying because I never said the depression was caused by the tariffs. I said after the depression, ie the stock market crash the US government did nothing (thinking the market and economy would bounce back on its own). It didn’t so when the US government finally decided they better do something they decided tariffs were a good idea. This however back fired as all other countries retaliated and added tariffs on US exports and this extended the already existing depression.
@TristenPKlein
@TristenPKlein 6 күн бұрын
@@seanboucher4805 the market crash was caused by big government economic policies led by Hoover, then FDR’s Socialist economic policies lead to and enhanced the Depression. He knew the only way out was War thus carried out preemptive attacks on Japan via cutting off oils supplies during Japanese expansion into Asia thus leading to Pearl Harbor attack.
@seanboucher4805
@seanboucher4805 6 күн бұрын
All I was saying he ignored the ‘tariff history below’ After the stock market crash of 1929, the United States passed the Smoot-Hawley Tariff Act in 1930, which raised import duties on nearly 900 goods. This act increased the strain on the international economy during the Great Depression. What was the Smoot-Hawley Tariff Act? The act was signed by President Herbert Hoover on June 17, 1930. It was named after its sponsors, Senator Reed Smoot of Utah and Representative Willis Hawley of Oregon. The act raised tariffs on imported goods by an average of 40% to 60%. The act was intended to protect American businesses and farmers. What was the impact of the Smoot-Hawley Tariff Act? The act led to retaliatory tariffs from other countries. The act contributed to a 65% decrease in international trade between 1929 and 1934. The act added stress to the Great Depression.
@donnairn3419
@donnairn3419 4 күн бұрын
So Fox is saying things will be great by Christmas for the USA. Will the people from fox place a wager on this?
@raphaeljones5672
@raphaeljones5672 7 күн бұрын
Tariffs going to make inflation skyrocket for us americans and China and Canada going to put tariffs back on the use
@kenth151
@kenth151 7 күн бұрын
No.. the supply of money causes inflation.
@Jl3215TOR
@Jl3215TOR 7 күн бұрын
@@kenth151Both statements are true. Overspending/deficit spending increases inflation and tariffs also raise inflation. So double whammy for USA
@AbimaelLopez-hz3qq
@AbimaelLopez-hz3qq 7 күн бұрын
@@Jl3215TORdoes this mean USA should buy American products
@AbimaelLopez-hz3qq
@AbimaelLopez-hz3qq 7 күн бұрын
@@kenth151I guess Americans should make their own products
@Jl3215TOR
@Jl3215TOR 7 күн бұрын
@@AbimaelLopez-hz3qq That’s the point of tariffs. Foreign products will get more expensive with tariffs so will be more competitive with US products. But in the end US consumers will pay more the same product and thus will be able to buy less since everything is more expensive. Since we live in a global economy, you still won’t be able to export these items as you can’t compete with low cost manufacturing countries.
@Leslei8417
@Leslei8417 5 күн бұрын
I was pro Right and Pro Trump. But imposing tarifs on our closest allies, especially Canada is absolutly absurd.
@shannonglover5291
@shannonglover5291 5 күн бұрын
Question is how you could have ever been pro Trump after his first term. He legit told you what he was going to do. I question the human species.
@andyjoy2508
@andyjoy2508 5 күн бұрын
go to canada
@supersayan8179
@supersayan8179 5 күн бұрын
You still racist
@chrisbrown-lx7qz
@chrisbrown-lx7qz 5 күн бұрын
that’s what u get for being a stupid dumb as* voted for that stupid idiot back into the White House this all ya MAGA fault
@chrisbrown-lx7qz
@chrisbrown-lx7qz 5 күн бұрын
now most of the product we American get from Canada Mexico china its gonna be more expensive now.
@Firebirdca
@Firebirdca 7 күн бұрын
This guy has no clue wha he is talking about. The Great depression was also called the dirty 30's an I rememeber my grandfather telling storys of soup kitchens men traveling on top of box cars going to the next city looking for a job. Because their were no jobs. He lost his farm in the west came east with the family an work as a hired hand on farm lived in a cold shack with only a wood stove to keep my grandparents and my mother and sister warm. It wasn't till the start of World war 2 things were booming an got back on his feet.
@shannonglover5291
@shannonglover5291 5 күн бұрын
It's fkn comedy gold watching Fox try to spin these trade wars into a positive thing.
@birajguha4797
@birajguha4797 7 күн бұрын
The law simple: "Tariff what you make, dont tariff what you dont"
@deeroyel3144
@deeroyel3144 6 күн бұрын
That's a word
@DavidHickenbottom
@DavidHickenbottom 6 күн бұрын
The problem is American doesn't make anything anymore. We couldn't put shoes on our feet if we had to. Tires are another huge, huge item im in the tire business. Close to 300 million vehicles on American roads. 12 million tires scary stuff.
@Zetirix
@Zetirix 6 күн бұрын
@@DavidHickenbottom And we saw a net loss of 10k manufacturing jobs under Biden in his last 3 years.
@clintnaik
@clintnaik 5 күн бұрын
This should be said more.
@samoler1211
@samoler1211 5 күн бұрын
So we should suffer with high prices for years, so corporations can build their plants to make all the widgets that Americans will not be able to afford.
@germelljohnson
@germelljohnson 5 күн бұрын
He just cherry-picked a bunch of information. Please people do your own research
@LotusMoonTarot
@LotusMoonTarot 7 күн бұрын
This is the first time I ever heard someone amped up on the Great Depression. Making it sound like it was a grand ole time 🥴 I guess since you told me first how wonderful it was I believe it. 😂
@bradiklongsword335
@bradiklongsword335 7 күн бұрын
Higher Costs for U.S. Manufacturers • Automakers and tech companies suffered due to higher costs for steel, aluminum, and components used in production. • The higher cost of raw materials led companies like Harley-Davidson and General Motors to shift some manufacturing overseas. • Electronics, machinery, and consumer goods became more expensive, raising costs for businesses and consumers.
@meb1233
@meb1233 6 күн бұрын
No. they move overseas so they can sell in those markets because those nations tariff the US so much. China wanted a 200 percent tariff to sell Harley Davidsons there. I know one of the men that was trying to get them there.
@25djkaysay
@25djkaysay 5 күн бұрын
World trade decreased by about 66% between 1929 and 1934. US imports and exports: US imports decreased 66% from 1929 to 1933, and exports decreased 61%. Trade wars ensued from the tariffs, decreasing exports and imports. That was from a simple google search. Maybe these tariffs will lead to the next FDR to clean up the mess.
@rydogtv1666
@rydogtv1666 5 күн бұрын
This guy is freaked out. You can hear it in his stuttering voice. He doesn't even believe the diarrhea coming out of his mouth
@joedurt911
@joedurt911 7 күн бұрын
"This is gonna be the greatest depression ever, absolutely YUGE" 👌
@bradiklongsword335
@bradiklongsword335 7 күн бұрын
The Great Depression & Smoot-Hawley Tariff (1930) • The Smoot-Hawley Tariff Act imposed high tariffs on imports to protect American jobs, but it exacerbated the Great Depression by triggering global retaliatory tariffs, shrinking international trade. • Other nations raised their tariffs in response, reducing U.S. exports and worsening unemployment.
@AndresBonbon
@AndresBonbon 6 күн бұрын
You should look up the whole history. You must be younger than most. Do you not know that the prices in the 1930's were less than in 1890 to the 1920's. People were living on credit in the 1920's and not even working. And they put limits on things in the store that I didn't need to just to make everybody know the war was going on. You don't just not know history you are lazy and don't want to work
@efsglass
@efsglass 6 күн бұрын
Bueller?
@brucesmith8285
@brucesmith8285 6 күн бұрын
Wrong, gd was cause by a speculation bubble.
@av1330
@av1330 5 күн бұрын
​@brucesmith8285 that's not what they wrote. Reading is hard.
@CyrilCommando
@CyrilCommando 5 күн бұрын
If this is actually true, then we were already screwed. Because tons of Americans don't have jobs already, and without the return of entry level positions we won't be able to afford anything, tariffs or no.
@rocketestates
@rocketestates 7 күн бұрын
Do like cheap oil? Do you need critical minerals? Canada will look to sell its products to other markets and exclude the US market. Its already happening. The US dollar in comparison to the Canadian dollars is $1 to $1.39. Just in the exchange value the US is getting a good deal.
@doug6723
@doug6723 7 күн бұрын
Don't forget China which mines rare earth minerals for the lithium batteries in all the electric cars. The computers, cellphones, textiles, appliances, building materials. Essentially Walmart. Canada also supplies lumber, cars, parts, 60% of our oil. Mexico most of our produce in the winter, cars, parts. Let's not forget the cheap labor Trump is kicking out of the country All those service jobs, dishwashers, janitors, healthcare, eldercare, lawn maintenance, food prep. Vegas will shut down. Inflation will go to the moon. Nice job Trump.
@hillbillybeerdranker6678
@hillbillybeerdranker6678 6 күн бұрын
Not sure any mineral is critical except for maybe marijuana. As for the oil, Trump is lowering the tariff to 10% to make it easier for Canada to pay. We don't wanna hurt you, we just wanna balance trade.
@6102oneWolf
@6102oneWolf 6 күн бұрын
Yes, Canada has us right where they want us.😂😂
@doug6723
@doug6723 6 күн бұрын
@@hillbillybeerdranker6678 Trump doesn't even know what Trump will do. So stop pretending you know. He said the Keystone pipeline will create more oil. Pipelines don't create oil, they move it from one area to another. Trump said he's imposing tariffs on Mexico, Canada, China due to fentanyl and illegal immigration. Reducing a tax on oil sure would send a clear message that Trump approves of illegal immigration and Fentanyl coming in. Btw, both have dropped dramatically in the past year before Trump got into office.
@Zetirix
@Zetirix 6 күн бұрын
That's also why Trump is lobbying OPEC to increase supplies.
@Tr1ckypants
@Tr1ckypants 4 күн бұрын
Stop calling them TARIFFS and start calling it the TRUMP TAX.
@randyratliff1475
@randyratliff1475 6 күн бұрын
Next up: Lung cancer causes smoking.
@Fin9919
@Fin9919 5 күн бұрын
Canadian here. We love our American neighbours but this 25% tariff is Trumps first mistake since being back in office. These tariffs are proving to not be fentanyl and immigration related now. Canada makes up for under 1% of that issue and is 1/10 of Americas population. We have had Americas back for decades and Trump needs a brief history lesson on this. In a few months we'll have a better leader to work with the White House, so a little patience until then is needed. Pierre Pollievre also wants to drill baby drill. Until then, all customers on both sides of the border will feel this unfortunately.
@redrumrabbit
@redrumrabbit 5 күн бұрын
I’m with you ❤
@nogmeerjan
@nogmeerjan 4 күн бұрын
>this 25% tariff is Trumps first mistake since being back in office. I have to disagree with you here. I'm pretty sure that -since being back in office- Trump made at least 1 other mistake before he signed in the tariff. 😎 I hope you can agree on "one of the mistakes in his first days in office".
@bradiklongsword335
@bradiklongsword335 7 күн бұрын
Burden on Consumers • Studies found that nearly 100% of tariff costs were passed on to American consumers. • Everyday products, from appliances to smartphones, became more expensive, costing U.S. households an estimated $1,300 per year.
@Moldyman3740
@Moldyman3740 7 күн бұрын
What studies?
@mml8178
@mml8178 7 күн бұрын
I don't think so. The tax burden depends on the relative market power of the buyers and sellers. 100% of the tariff is passed on to the US only if the products are the ones that the US can't do without and only Canada/Mexico/China are making the products
@Zetirix
@Zetirix 6 күн бұрын
We used to buy appliances made in the US. You can't apply tariffs on products manufactured domestically. Not to mention the wages used to pay the workers went back into local economies, instead of foreign markets.
@YusufErgun-i5r
@YusufErgun-i5r 7 күн бұрын
i always felt like i was stuck in the same cycle-watching other people manifest their dream lives while i kept getting the short end of the stick. no matter how much i tried, nothing seemed to work. then i picked up Vibrations of Manifestation by Alex Lane, and something clicked. it made me realize i had been doing everything backwards. after a few weeks of applying what’s inside, things started changing fast. my confidence, my money, even the people around me. it’s honestly crazy.
@bradiklongsword335
@bradiklongsword335 7 күн бұрын
The U.S. imposed 25% tariffs on $50 billion worth of Chinese imports, later expanding to $200 billion in goods. • China retaliated with high tariffs on U.S. exports, particularly on soybeans, pork, and automobiles. • The tariffs raised costs on key products like steel, aluminum, electronics, and machinery, impacting American businesses.
@ColdRunnerGWN
@ColdRunnerGWN 7 күн бұрын
The US lost 43K manufacturing jobs even before the Pandemic hit.
@isaiahtru1
@isaiahtru1 5 күн бұрын
Tell Me How Elon Musk getting more tax breaks helps are roads, healthcare, He Benefited from our Immigration commng from South Africa
@RetrieverTrainingAlone
@RetrieverTrainingAlone 7 күн бұрын
substantial tariffs = costs passed onto consumers = higher prices = higher interest rates
@Zetirix
@Zetirix 6 күн бұрын
Imagine if consumers chose to spend their money elsewhere...
@johndodson8464
@johndodson8464 6 күн бұрын
This guy is so underrated. I have never known Payne's economic predictions to be off.
@Jrandlehasnohandles
@Jrandlehasnohandles 5 күн бұрын
My guy do you know what happened in 1930?
@discreteentropy
@discreteentropy 7 күн бұрын
Lol. Smoot-Hawley wasn’t deflationary, the Great Depression was. Failed to mention that part.
@stevens8185
@stevens8185 7 күн бұрын
It’s a MAGA GROOMING education video sans facts…
@jcgcastillon
@jcgcastillon 5 күн бұрын
A country had cheap labor? he forgot to mention back in History the US had free labor as his ancestors were working day and night in handcuffs and shackles 😂😂😂😂
@donhutton3220
@donhutton3220 6 күн бұрын
This guy thinks it's 1921 the world is a totally different place this is what to expect from a propaganda network.
@bobbytillman-xk9sy
@bobbytillman-xk9sy 6 күн бұрын
I hope Trump supporters get everything they voted for
@brucesmith8285
@brucesmith8285 6 күн бұрын
He is just getting started. Go back to your safe space.
@THE______TRUTH
@THE______TRUTH 5 күн бұрын
​@brucesmith8285 lol that fact that you assume everyone who disagrees with trump is far left is telling. Big brain energy. Have fun in your echo chamber.
@warrior-xd2xn
@warrior-xd2xn 5 күн бұрын
​@@brucesmith8285give me a time line as it could be pain for you clueless Maga.
@chingon123
@chingon123 7 күн бұрын
Educate is freedom no more lies.
@ColdRunnerGWN
@ColdRunnerGWN 7 күн бұрын
This is gaslighting.
@chingon123
@chingon123 7 күн бұрын
@ColdRunnerGWN 🤡
@anti-validation
@anti-validation 7 күн бұрын
The stock market has little correlation with the economy. Show us the P/E ratios. Tariffs started the first great depression. Keep your alternate revisionist history crap out of here! Factory workers cost $40k per year in wages PLUS $50k per year for benefits. Private health insurance handicaps American manufacturing. The only way to make American manufacturing competitive is universal healthcare.
@MrDanhoffman
@MrDanhoffman 7 күн бұрын
@chingon123 no more lies .no more lies .gotta take the power back . Rage against the machine .great song lol
@stevens8185
@stevens8185 7 күн бұрын
* education is freedom… to be educated is freedom… as long as you brought it up, the use of proper sentence structure may be more impactful.
@hellcatriot2798
@hellcatriot2798 7 күн бұрын
It happened 100 years ago, so it’s sure to happen now? Absolutely foolish.
@brianoleson5785
@brianoleson5785 7 күн бұрын
money supply contracted in 1932 money supply contracts for the first since since 1932 in 2022 spanish flu 1918 (11 years before the crash) 2020 pandemic the 1st of its size in the u.s since 1918 roaring 1920s 2010-2020 u.s has no recession for the 1st time in u.s history 2009-2025 (present) the longest stock market run in u.s history (aside from the 1month drop in march 2020) i expect a historic recession this year or 2026 i been waiting since 2020 for it a depression is absolutly possible but goverments have ways of delaying things regardless a historic recession will still feel like a depression remember 2008? imagine homes down 40% and milk is $7.99 at walmart in 2028
@sailorichiban
@sailorichiban 5 күн бұрын
@@brianoleson5785 Shall we demand skyscraper windows be made easily opened so that you can jump ? A rather negative outlook you have. Believe you are wrong, anyway, don’t jump yet.
@the_indelible_onion
@the_indelible_onion 5 күн бұрын
lol I like how the chart ended right before the Great Depression.
@FYI003
@FYI003 7 күн бұрын
The roaring 20's..... followed by?????
@CesarPerez-c7e
@CesarPerez-c7e 7 күн бұрын
That was also when the us didnt depend in other countries, now other countries can put tariffs on the us
@danielkinn782
@danielkinn782 7 күн бұрын
They already do.
@AbimaelLopez-hz3qq
@AbimaelLopez-hz3qq 7 күн бұрын
Americans should make their own products
@CesarPerez-c7e
@CesarPerez-c7e 6 күн бұрын
@ yess they do but now they got enough to counter the tariffs just like the us does
@CesarPerez-c7e
@CesarPerez-c7e 6 күн бұрын
@ they dont want to work, they rather stay on a corner and beg for money, a person that dont speak the language can come and “take” their job
@davlee1972
@davlee1972 6 күн бұрын
Tell that to US corporations which have outsourced everything overseas for the past 40 years to line shareholder and executive pockets. Politics from both parties helped enable them to loot the middle class. Now the middle class needs to give them tax breaks and other incentives to bring manufacturing back..
@devinhull7490
@devinhull7490 6 күн бұрын
2:13 I love how his first example were roaring twenty economic policies that inevitably led to the worst depression in the country 🤣🤣
@boballman1860
@boballman1860 7 күн бұрын
This guyy is so full of B.S anyways. Especially you fox news.
@stevewhitaker6006
@stevewhitaker6006 5 күн бұрын
Go back to watching your cnn and msnbc lies clown
@Proclean865wash
@Proclean865wash 5 күн бұрын
Did you just tell everyone to ignore all other financial media? Are you going to start burning books next?
@IamJonny-o4v
@IamJonny-o4v 6 күн бұрын
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
@ChristianKelv
@ChristianKelv 6 күн бұрын
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
@KarenLavia
@KarenLavia 6 күн бұрын
Having an investment advisor is currently the best way to approach the stock market. I was going alone, but it wasn't working. I've been working with an advisor for a while now, and last year, I achieved over 85% capital growth minus dividends
@BellamyGriffin19
@BellamyGriffin19 6 күн бұрын
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@KarenLavia
@KarenLavia 6 күн бұрын
Finding financial advisors like Lisa Grace Myer who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@Hectorkante
@Hectorkante 6 күн бұрын
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
@wd31981
@wd31981 7 күн бұрын
Wow please tell me Charles isn’t what the average intelligence level of reporters. Your using the Great Depression as your example? Holy crap what a buffon.
@josephdavenport4937
@josephdavenport4937 7 күн бұрын
🤪
@stevens8185
@stevens8185 7 күн бұрын
His level of intelligence and gaslighting run fairly consistently through the Fox News network.
@anti-validation
@anti-validation 7 күн бұрын
The stock market has little correlation with the economy. Show us the P/E ratios. Tariffs started the first great depression. Keep your alternate revisionist history crap out of here! Factory workers cost $40k per year in wages PLUS $50k per year for benefits. Private health insurance handicaps American manufacturing. The only way to make American manufacturing competitive is universal healthcare.
@farhadoveisi2248
@farhadoveisi2248 5 күн бұрын
%200 tariffs on USA 💩. Go Canada 🇨🇦❤#1.
@redrumrabbit
@redrumrabbit 5 күн бұрын
US buys 75% of Canadian goods. Calm down there sporty. Maybe our favorite neighbor could just comply with the border requests & avoid a trade war ?
@bradiklongsword335
@bradiklongsword335 7 күн бұрын
Devastating Impacts on U.S. Farmers • Soybean farmers suffered massive losses, as China (the biggest buyer of U.S. soybeans) shifted its purchases to Brazil. • American agricultural exports to China fell by over 50% in 2018, leading to record bankruptcies among U.S. farmers. • The U.S. government had to bail out farmers with $28 billion in subsidies, making up for lost sales.
@josephdavenport4937
@josephdavenport4937 7 күн бұрын
3 billion short of what we gave to ukraine !🤠
@LUUUUUCAASSS
@LUUUUUCAASSS 7 күн бұрын
Farmers are not relevant to our country, so who cares about them? This is about America as a whole. Trump will save our country from communism.
@jesserobinson749
@jesserobinson749 7 күн бұрын
@@josephdavenport4937 That was just the US fighting a war with Russia indirectly.
@eduardoguardado9911
@eduardoguardado9911 6 күн бұрын
By the end of this video the s&p 500 went red LOL
@cruzinhumboldt
@cruzinhumboldt 7 күн бұрын
What did you buy in 1920?
@Barredeux
@Barredeux 7 күн бұрын
They're grasping at straws and playing to MAGA ignorance trying to desperately sell this as a positive.
@goikolkm
@goikolkm 5 күн бұрын
Anti taxers for tariffs!! 😂 These people really are a joke 😂
@samuraienzo3357
@samuraienzo3357 7 күн бұрын
✊🇺🇸FIGHTFIGHTFIGHT 🇺🇸✊
@ColdRunnerGWN
@ColdRunnerGWN 7 күн бұрын
WTF? Seriously, there was no fight required.
@antoinedelaricochet6136
@antoinedelaricochet6136 7 күн бұрын
✊✊✊🐵🐵🐵🐵🐵✊✊✊
@anti-validation
@anti-validation 7 күн бұрын
The stock market has little correlation with the economy. Show us the P/E ratios. Tariffs started the first great depression. Keep your alternate revisionist history crap out of here! Factory workers cost $40k per year in wages PLUS $50k per year for benefits. Private health insurance handicaps American manufacturing. The only way to make American manufacturing competitive is universal healthcare.
@shellbell1517
@shellbell1517 5 күн бұрын
Yes. Fight fight fight against Truth, Facts and Reality.
@hanykamel9957
@hanykamel9957 7 күн бұрын
Happy inflation americans😂😂😂
@rollonthemsr
@rollonthemsr 7 күн бұрын
Wasn't the 1920s and 1930s called "The Great Depression"?
@michellecampbell7540
@michellecampbell7540 6 күн бұрын
When the rich (insiders) got wind...and stole from everyone else? 💸💸💸💸💸💸💸💸💸💸💸
@Psa-ms
@Psa-ms 6 күн бұрын
The great depression was not caused by Tariffs. Do you guys even pick up a history book anymore in school?
@Andrew-pp2ql
@Andrew-pp2ql 6 күн бұрын
@@Psa-msit’s not that tariffs caused the Great Depression rather the tariffs deepened the depression by extending its duration…with it then becoming a Great Depression surpassing the events of 1873 which was originally called the Great Depression.
@dawnmurphy1169
@dawnmurphy1169 5 күн бұрын
The wonderful period of deflation he referred to was the Great Depression. Which followed those high taxes of the Roaring 20’s. There are so many holes in his Swiss cheese.
@dawnmurphy1169
@dawnmurphy1169 5 күн бұрын
I meant tariffs not taxes
@bradiklongsword335
@bradiklongsword335 7 күн бұрын
One of the most devastating tariffs in recent years was the Trump administration’s tariffs on Chinese goods (2018-2019) as part of the U.S.-China trade war. These tariffs, initially aimed at reducing the trade deficit and protecting American industries, had severe unintended consequences, particularly for farmers, manufacturers, and consumers.
@vinrod34
@vinrod34 7 күн бұрын
wrong again!
@stevens8185
@stevens8185 7 күн бұрын
@@vinrod34 Trumper‘s have such selective memories…
@shawnmitchell7821
@shawnmitchell7821 6 күн бұрын
Yup, taxpayers are still subsidizing the losses from soybeans, corn, pig farms etc. to the tune of billions.
@shirleymclean3607
@shirleymclean3607 5 күн бұрын
@@shawnmitchell7821 ​​Over the last quarter century, Boeing has received nearly $16 billion in government subsidies 🤭
@shirleymclean3607
@shirleymclean3607 5 күн бұрын
​@@shawnmitchell7821Second, Intel has received more than $8.4 billion from the government since 2000.
@nelsonstahl8989
@nelsonstahl8989 7 күн бұрын
Yep let's all cheer the depression will soon be here ! I never expected to comedy on fox Business.
@bsh1772
@bsh1772 7 күн бұрын
That’s what I’m talking about 👍👍👍
@John-s2r1o
@John-s2r1o 7 күн бұрын
Classic Fox. Trump does something? It’s great no matter what he does. Throw logic out the window. So if guy is right why don’t we put 50% tariffs on every other country we trade with?
@GuillaumeRouleau
@GuillaumeRouleau 7 күн бұрын
It's the end of globalism, it's time to try a new approach, give it a chance.
@bluenational
@bluenational 7 күн бұрын
Basically expect higher prices.😮
@ssuwandi3240
@ssuwandi3240 7 күн бұрын
Thanks Sleepy though😅
@bsh1772
@bsh1772 7 күн бұрын
Democrats
@joewiniecki3282
@joewiniecki3282 7 күн бұрын
@@bsh1772get help for your DDS
@toniarnold2748
@toniarnold2748 7 күн бұрын
You people are not listening shh wake up
@joewiniecki3282
@joewiniecki3282 7 күн бұрын
@@bsh1772 how’s that DDS?
@USA50_
@USA50_ 5 күн бұрын
Thanks for talking about US history to US Citizens 🇺🇸❤👍❤️☺️
@atheist63
@atheist63 7 күн бұрын
lies lies lies , tariffs are the worst thing for the average Americans making less than 100k
@toniarnold2748
@toniarnold2748 7 күн бұрын
BS
@richardluce775
@richardluce775 7 күн бұрын
@@toniarnold2748bs to your bs.
@derrickconnolly9164
@derrickconnolly9164 7 күн бұрын
With tariffs you pay Less taxes. Leaving more in your pocket. If you're making more money then you can afford to spend a little for the products you buy. Big items like appliances will cost more but you only buy these once every ten years or more. Small items the cost won't be that noticeable. Tariffs could also end taxes on wages. You will still pay property tax and school taxes garbage tax.
@stevens8185
@stevens8185 7 күн бұрын
@@derrickconnolly9164 those rose colored glasses look great on you!
@richardluce775
@richardluce775 7 күн бұрын
@ huh? If the cost is higher sales taxes will follow higher cost. Trust there ain’t no way anyone making less than 400k is going to come out ahead with guy.
@jerrycorrado5022
@jerrycorrado5022 5 күн бұрын
What ignorance 😢😢
@ADAPTATION7
@ADAPTATION7 7 күн бұрын
Except that we are not living in the 1920s no more. This is 2025. Ever hear about emerging markets? The bottom line is this: Any consumer, and especially American consumers, want the best deal at the lowest price.
@universum60
@universum60 6 күн бұрын
That explains the US trade deficit with china. 😅
@Mollybad
@Mollybad 6 күн бұрын
Back then, we were in the Industrial Age! We had the infrastructure and the resources to meet the domestic production needed! We don't have that now, nor do we have the interest in corporate America to sacrifice high salaries among executives in order to hire more labor!!!
@d.b.1176
@d.b.1176 7 күн бұрын
Have fun with that tRump tax at Walmart MAGAts 🫵🏻😂🍿
@rebelsnappingturtle5097
@rebelsnappingturtle5097 5 күн бұрын
Consumers will pay more for needed items. If not needed then less desired at the higher prices. Businesses should get the dtaje amount of profit considering Anerican Billionaires started the China Mexico thing to make more. Government tariif tax should he huge. Which should affect education and health care but won't. Pals of politicians should do fine as usual. Voters will pay more but they say only $80 a month. Maybe that's by buying less.
@james-kh7oi
@james-kh7oi 5 күн бұрын
Tariffs will Keep the Money Home. Thank you Mr. Green. Then the US will be able raise the pay scale, lower taxes, while raising the standard of living.
@bl9531
@bl9531 6 күн бұрын
We need tariffs on Canada … no way we can compete with those guys ! 😂😂
@suzettelyons7533
@suzettelyons7533 7 күн бұрын
Charles are you saying Tarrifs caused the Great Depression, because the Depression is what caused low prices in the 1930's.
@christophergoodrow2792
@christophergoodrow2792 7 күн бұрын
He doesn't need to say it, anyone that went to school already knew this.
@joewiniecki3282
@joewiniecki3282 7 күн бұрын
They always find a way to twist the truth to sounds better 😆
@mengkham
@mengkham 7 күн бұрын
@@joewiniecki3282 very true lies and more lies from Fox No News
@sailorichiban
@sailorichiban 6 күн бұрын
THE DEPRESSION WAS CAUSED BY CREDIT WITH NO ASSETS TO BACK IT UP. IF YOU HAVE BANKS OR OTHERS MAKING LOANS NOT IN CASH, ACTUALLY THE VALUE CAN BE MEASURED IN RECYCLABLE PAPER.
@luckeysenpai2627
@luckeysenpai2627 5 күн бұрын
As an Australian, you guys vote for this & good luck American, you're paying more stuff 😂
@gwbuilder5779
@gwbuilder5779 7 күн бұрын
Thank You Charles!💯🦅🇺🇲
@anti-validation
@anti-validation 7 күн бұрын
The stock market has little correlation with the economy. Show us the P/E ratios. Tariffs started the first great depression. Keep your alternate revisionist history crap out of here! Factory workers cost $40k per year in wages PLUS $50k per year for benefits. Private health insurance handicaps American manufacturing. The only way to make American manufacturing competitive is universal healthcare.
@stevens8185
@stevens8185 7 күн бұрын
Extraordinary deflation spiral a.k.a. the Great Depression… you forgot to mention that Chucky.
@Peter-ly6vv
@Peter-ly6vv 7 күн бұрын
Mark my words this will be the end of trump people are not going to spend 25% more on basically everything hopefully
@ChrisSauer-oe5ve
@ChrisSauer-oe5ve 7 күн бұрын
Bet? 🤝❄️
@driedenfichter2466
@driedenfichter2466 5 күн бұрын
You overestimate the brain activity inside the mind if the average trump voter.
@Fgji230
@Fgji230 7 күн бұрын
Fox Business is quoting Thucydides. Im impressed. Classical education is underrated.
@DouglasHale-od8ys
@DouglasHale-od8ys 5 күн бұрын
Hoover, the Economic Hero, said no one.
@IbrahimKone-ix4qi
@IbrahimKone-ix4qi 7 күн бұрын
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated..
@sittichokkonsue
@sittichokkonsue 7 күн бұрын
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
@fhgfhfhgf
@fhgfhfhgf 7 күн бұрын
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
@sittichokkonsue
@sittichokkonsue 7 күн бұрын
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
@fhgfhfhgf
@fhgfhfhgf 7 күн бұрын
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
@IbrahimKone-ix4qi
@IbrahimKone-ix4qi 7 күн бұрын
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking??
@jimmattson8008
@jimmattson8008 7 күн бұрын
That's great! We get the roaring 20's and then the 1929 crash. I guess I'll enjoy it. 😜
@brianoleson5785
@brianoleson5785 7 күн бұрын
we already had our roaring 2010s people that are 34 years old and younger were under 18 when we had just a regular average lasting recession the 1st in u.s history
@aukebij3193
@aukebij3193 7 күн бұрын
There are rumors here in the European Union that if Canada takes steps, the European Union will also do so. Ursula von der Leiden said in an interview the day before yesterday that the world doesn't need America, we can get by without them. so that could be a party
@Jl3215TOR
@Jl3215TOR 7 күн бұрын
@@jaimeb1281other countries are happy to sell to America since you pay for the tariffs. They just aren’t going to buy your products
@Jl3215TOR
@Jl3215TOR 6 күн бұрын
@@jaimeb1281Half the world has already joined BRICS. Sanctions and tariffs will push more to follow. If Canada, Mexico and EU align, who is left for America to trade with?
@sram390
@sram390 6 күн бұрын
@@Jl3215TORso cute. Kinda like a 6 week old puppy so dumb it’s funny,
@Jl3215TOR
@Jl3215TOR 6 күн бұрын
@@sram390 why don’t you explain to me who pays the tariffs then?
@sram390
@sram390 6 күн бұрын
@@Jl3215TOR Kind of obvious isn’t it? The importer who will then in turn pass it to the consumer. The original intent of Tariffs is to level the playing field for domestic sources however that won’t help you if you have no domestic sources or the ones you do have can’t meet demand. Canada has OIL you need but if you manage to instantly produce that much to offset your demand, I guess we are screwed in that example. Electricity: 1.5 Million homes will see a 25% bump. Your alternative is to source locally somehow and no longer purchase. If you could, you would have already. 3. Fertilizer. Buy potash locally or suffer losses in yields but since China isn’t buying much from you now, maybe you can whether that one. Shall I go on to critical minerals for your manufacturing boom that is supposed to take place. Bottom line, the importer starts the process. The exporter responds and I know in your head you think that includes the tariff but it doesn’t. Your commodity requirements will just be going to other Countries now which is a win for us because Canada subsidizes the cost to you. You know, our friends and family discount of the past.
@rong9068
@rong9068 5 күн бұрын
Trump's Golden age is another way to say gilded age. We all know what followed.
@mongo64071
@mongo64071 7 күн бұрын
Trump had 8 years to explain tarriffs. He’s a poor communicator when it comes to stuff like this.
@joewiniecki3282
@joewiniecki3282 7 күн бұрын
Trump didn’t learn about that word until 8 months ago
@avihs2845
@avihs2845 7 күн бұрын
​@joewiniecki3282 During Trump first first term he used Tariffs with record low inflation Do some research before talking nonsense
@joewiniecki3282
@joewiniecki3282 7 күн бұрын
@@avihs2845 it was a joke calm your kitty
@stephensmith3928
@stephensmith3928 5 күн бұрын
Oh yes, the roaring 20s. The party that never ended. XD
@georgecuster527
@georgecuster527 7 күн бұрын
We voted for tariffs and BIG BEAUTIFUL tax cuts ! USA USA USA 🇺🇸
@antoinedelaricochet6136
@antoinedelaricochet6136 7 күн бұрын
🤡🤡🤡
@stevens8185
@stevens8185 7 күн бұрын
Can’t wait for reality to set in… and it will… just saying
@davidhamner
@davidhamner 5 күн бұрын
Important historical context missing here: While the 1920s tariffs did coincide with economic growth, the Smoot-Hawley Tariff Act of 1930 had devastating effects. It triggered retaliatory tariffs worldwide and caused global trade to drop by ~65%. This trade war made it much harder for countries to recover from the Depression, as other nations couldn't earn dollars to buy US goods or pay their debts. Yes, prices went down during Smoot-Hawley, but that was because demand collapsed and unemployment hit 25% - not a good thing! The 1920s boom had many causes beyond tariffs: mass production, consumer credit, electricity, and automobiles transformed the economy. Today's globalized economy is very different from the 1920s, so we should be careful about drawing direct parallels.
@SlinkyFromHell.4
@SlinkyFromHell.4 7 күн бұрын
Yeah, 25% unemployment really helps get prices down. Great Depression 2.0 here we come.
@angelinam6855
@angelinam6855 5 күн бұрын
You forgot the Great Depression….. good luck Americans
@tyboogie343
@tyboogie343 5 күн бұрын
HAAAAAAAAA LOOOOKKK HOW THEY trying to explain it😂😂
@jeromewortham3848
@jeromewortham3848 5 күн бұрын
I keep telling people, we need to do critical thinking. Focusing on the short term ramifications of decisions is what is hurting this country.
@jjstar2022
@jjstar2022 7 күн бұрын
You are not telling the truth . wait and see
@ivanperez9657
@ivanperez9657 6 күн бұрын
In other words let's all pay more!
@alliedmastercomputer5407
@alliedmastercomputer5407 6 күн бұрын
Using the stock market as some kind of gauge is just dumb. This is actually poor work when it comes to making the case for tariffs as you brrought the wrong case forward. The great depression had nothing to do with tariffs, nor did inflation. You also made the case inflation came way down...yeh it was a depression of course it did, and you don't want the same thing happening here lmao.
@donkraus1991
@donkraus1991 6 күн бұрын
How about the price of eggs? Day one campaign slogan? trump has forgot!
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