Atrioc

They extended the Great Depression. They made everything more expensive. They got rolled back.

They're called the Smoot-Hawley Tariff. It's a tariff act. And it was in the 1934. And at the beginning of the Great Depression, they were like, all right, we're going to solve this problem that, you know, everything's getting bad. We're going to do a bunch of tariffs and it's going to protect all our industry and keep our jobs. It did the opposite effect. It extended it. It made it worse.

They're called the Smoot-Hawley Tariff. It's a tariff act. And it was in the 1934. And at the beginning of the Great Depression, they were like, all right, we're going to solve this problem that, you know, everything's getting bad. We're going to do a bunch of tariffs and it's going to protect all our industry and keep our jobs. It did the opposite effect. It extended it. It made it worse.

They're called the Smoot-Hawley Tariff. It's a tariff act. And it was in the 1934. And at the beginning of the Great Depression, they were like, all right, we're going to solve this problem that, you know, everything's getting bad. We're going to do a bunch of tariffs and it's going to protect all our industry and keep our jobs. It did the opposite effect. It extended it. It made it worse.

People couldn't afford anything. The people started laying people off. The Depression got worse and extended. So after about three, four years, they abandoned the tariff act. It got scrapped. And that's when we actually began this whole resurgence boom into World War II. Part of that is government spending on World War II.

People couldn't afford anything. The people started laying people off. The Depression got worse and extended. So after about three, four years, they abandoned the tariff act. It got scrapped. And that's when we actually began this whole resurgence boom into World War II. Part of that is government spending on World War II.

People couldn't afford anything. The people started laying people off. The Depression got worse and extended. So after about three, four years, they abandoned the tariff act. It got scrapped. And that's when we actually began this whole resurgence boom into World War II. Part of that is government spending on World War II.

So the idea that the only way we can be competitive is if we block our competition is, to me, scary. It says that we have given up the fact that we could even be competitive. And what happened instead... Now, this is a problem for hollowing out the middle class. We have to figure this out. But it's not like America stopped making everything. It's that we moved up the value chain.

So the idea that the only way we can be competitive is if we block our competition is, to me, scary. It says that we have given up the fact that we could even be competitive. And what happened instead... Now, this is a problem for hollowing out the middle class. We have to figure this out. But it's not like America stopped making everything. It's that we moved up the value chain.

So the idea that the only way we can be competitive is if we block our competition is, to me, scary. It says that we have given up the fact that we could even be competitive. And what happened instead... Now, this is a problem for hollowing out the middle class. We have to figure this out. But it's not like America stopped making everything. It's that we moved up the value chain.

We started making... High-tech stuff. We made Boeing planes. We made high engineering stuff. We stopped making toasters. We stopped making t-shirts. We stopped making... Those things got exported to different countries. Because I don't think one country can make everything in the world. I think you want to be at the high end of the value chain. You want to make the best and highest in stuff.

We started making... High-tech stuff. We made Boeing planes. We made high engineering stuff. We stopped making toasters. We stopped making t-shirts. We stopped making... Those things got exported to different countries. Because I don't think one country can make everything in the world. I think you want to be at the high end of the value chain. You want to make the best and highest in stuff.

We started making... High-tech stuff. We made Boeing planes. We made high engineering stuff. We stopped making toasters. We stopped making t-shirts. We stopped making... Those things got exported to different countries. Because I don't think one country can make everything in the world. I think you want to be at the high end of the value chain. You want to make the best and highest in stuff.

And generally, the most profitable countries in the world. Like, I'm thinking of like... Why do I always, what is Holland? What is Dutch? Netherlands. Yeah. The Netherlands, you know, they have ASML. They make the most high-end lithography machines. It's a big part of their economy. They're not making t-shirts and toasters there. They have a growing economy. They make the highest end stuff.

And generally, the most profitable countries in the world. Like, I'm thinking of like... Why do I always, what is Holland? What is Dutch? Netherlands. Yeah. The Netherlands, you know, they have ASML. They make the most high-end lithography machines. It's a big part of their economy. They're not making t-shirts and toasters there. They have a growing economy. They make the highest end stuff.

And generally, the most profitable countries in the world. Like, I'm thinking of like... Why do I always, what is Holland? What is Dutch? Netherlands. Yeah. The Netherlands, you know, they have ASML. They make the most high-end lithography machines. It's a big part of their economy. They're not making t-shirts and toasters there. They have a growing economy. They make the highest end stuff.

Usually the wealthier countries move up that chain. So the idea that we're going to hurt all our trade partners, we're going to tax our own citizens so we can bring back the toaster jobs and the t-shirt jobs at the expense, that scares me. And again, I think alliances matter. I think trade partners matter.

Usually the wealthier countries move up that chain. So the idea that we're going to hurt all our trade partners, we're going to tax our own citizens so we can bring back the toaster jobs and the t-shirt jobs at the expense, that scares me. And again, I think alliances matter. I think trade partners matter.

Usually the wealthier countries move up that chain. So the idea that we're going to hurt all our trade partners, we're going to tax our own citizens so we can bring back the toaster jobs and the t-shirt jobs at the expense, that scares me. And again, I think alliances matter. I think trade partners matter.

Also, we have, before this, had relatively low tariffs, but we didn't have the lowest tariffs. And the countries at the highest part of, like if you had a chart of like lowest tariffs to highest tariffs, the ones with the highest are like the countries that have terrible economies. It's like Bangladesh.