4/3/2025 7:13 AM CST
I have assigned coverage of the 1930 Smoot Hawley tariff in each class. The individuals assigned did a great job describing what it was and the results.
It is as if we are replaying 1930 all over again.
Hoover was elected with a big majority, Trump less so.
Stock market peaked in Sept 1929 then crashed for three days in October. Now markets peaked Nov-Dec 2024, Market down over 1,000 DJIA points as I write this morning.
then as now the advocates said this would help America. But as one letter writer in the WSJ comments today, who is going to build here if Democrats reverse all this in four years?
Tariff wars should be targeted at specific targets not to make enemies of long time friends like Canada and Mexico.
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Meanwhile in the Ukraine, Putin plays out the same role as Germany in 1938. Then Germany took Czech thanks to British PM Neville Chamberlain.
Chamberlain promised Peace in our time!
Hitler invaded Poland six months later, France and England declared war and WW II began.
Professor Elam 
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