JOURNAL ARTICLE

"Trade, Tariffs, the Depression".

  • Published In: Foreign Affairs, 2025, v. 104, n. 4. P. 204 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: BIDWELL, PERCY WELLS 3 of 3

Abstract

The article discusses the negative impact of protectionist trade policies during the Great Depression, as articulated by economist Percy Bidwell. He critiques the Smoot-Hawley Tariff Act, which aimed to protect American industries but ultimately contributed to a global trade war and worsened the economic crisis. Bidwell argues that tariffs not only stem from the depression but also exacerbate it by isolating the U.S. economy from international trade, which can serve as a stabilizing force during domestic business crises. He emphasizes that reliance on tariffs can lead to greater economic instability rather than providing a solution. [Extracted from the article]

Additional Information

  • Source:Foreign Affairs. 2025/07, Vol. 104, Issue 4, p204
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • ISSN:0015-7120
  • Accession Number:186140765
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