Shumita Basu
๐ค SpeakerAppearances Over Time
Podcast Appearances
The Washington Post spoke with historians about Trump's reverence for McKinley and his tariffs, and they say Trump's retelling of that chapter of history is not a complete picture. One explained that it's not accurate to say tariffs were the main reason for McKinley's good economic fortune because the U.S. economy was growing pretty steadily before, during, and after McKinley's time in office.
One Federal Reserve estimate put growth at around 4 percent per year for decades before and after McKinley's term. There were other things going on during McKinley's presidency that fanned an already strong economy. Banks started loaning more money. Unrestricted immigration meant that cheap labor was readily available. And technological advancements like the telephone also played a role.
One Federal Reserve estimate put growth at around 4 percent per year for decades before and after McKinley's term. There were other things going on during McKinley's presidency that fanned an already strong economy. Banks started loaning more money. Unrestricted immigration meant that cheap labor was readily available. And technological advancements like the telephone also played a role.
One Federal Reserve estimate put growth at around 4 percent per year for decades before and after McKinley's term. There were other things going on during McKinley's presidency that fanned an already strong economy. Banks started loaning more money. Unrestricted immigration meant that cheap labor was readily available. And technological advancements like the telephone also played a role.
While McKinley did work to pass a new tariff law raising average taxes on manufactured goods to nearly 50 percent when he served in Congress, the Post reports that the policy was pretty unpopular. American businesses reaped huge profits, but consumers were upset about rising prices. Newspaper articles from the time blamed the tariffs for the cost of clothing and other items.
While McKinley did work to pass a new tariff law raising average taxes on manufactured goods to nearly 50 percent when he served in Congress, the Post reports that the policy was pretty unpopular. American businesses reaped huge profits, but consumers were upset about rising prices. Newspaper articles from the time blamed the tariffs for the cost of clothing and other items.
While McKinley did work to pass a new tariff law raising average taxes on manufactured goods to nearly 50 percent when he served in Congress, the Post reports that the policy was pretty unpopular. American businesses reaped huge profits, but consumers were upset about rising prices. Newspaper articles from the time blamed the tariffs for the cost of clothing and other items.
It's one of the reasons historians say Republicans lost midterm elections later the same year and the following presidential race. One big difference between McKinley and Trump, according to a historian and McKinley expert speaking to The Post, is that Trump appears to be using tariffs as a stick to make demands or threats against other countries.
It's one of the reasons historians say Republicans lost midterm elections later the same year and the following presidential race. One big difference between McKinley and Trump, according to a historian and McKinley expert speaking to The Post, is that Trump appears to be using tariffs as a stick to make demands or threats against other countries.
It's one of the reasons historians say Republicans lost midterm elections later the same year and the following presidential race. One big difference between McKinley and Trump, according to a historian and McKinley expert speaking to The Post, is that Trump appears to be using tariffs as a stick to make demands or threats against other countries.
McKinley used them more as a carrot to incentivize other countries to mutually reduce tariffs. It was a big part of McKinley's reciprocity approach to trade policy. In McKinley's second term, he gave a speech about the need for reciprocal trade agreements, saying the United States can't, quote, forever sell everything and buy little or nothing. He also said the period of exclusiveness is past.
McKinley used them more as a carrot to incentivize other countries to mutually reduce tariffs. It was a big part of McKinley's reciprocity approach to trade policy. In McKinley's second term, he gave a speech about the need for reciprocal trade agreements, saying the United States can't, quote, forever sell everything and buy little or nothing. He also said the period of exclusiveness is past.
McKinley used them more as a carrot to incentivize other countries to mutually reduce tariffs. It was a big part of McKinley's reciprocity approach to trade policy. In McKinley's second term, he gave a speech about the need for reciprocal trade agreements, saying the United States can't, quote, forever sell everything and buy little or nothing. He also said the period of exclusiveness is past.
Have you noticed the price of eggs is up again? That is, if you can find them. My grocery store was out of stock a few days ago. We're seeing this because of bird flu. In the past several weeks, across all 50 states, more than 13 million birds have been affected by it, according to the U.S. Department of Agriculture.
Have you noticed the price of eggs is up again? That is, if you can find them. My grocery store was out of stock a few days ago. We're seeing this because of bird flu. In the past several weeks, across all 50 states, more than 13 million birds have been affected by it, according to the U.S. Department of Agriculture.
Have you noticed the price of eggs is up again? That is, if you can find them. My grocery store was out of stock a few days ago. We're seeing this because of bird flu. In the past several weeks, across all 50 states, more than 13 million birds have been affected by it, according to the U.S. Department of Agriculture.
And for a poultry rancher, even one case of bird flu can have devastating consequences. Here's Jess Craig, a fellow at Vox and former infectious disease epidemiologist.
And for a poultry rancher, even one case of bird flu can have devastating consequences. Here's Jess Craig, a fellow at Vox and former infectious disease epidemiologist.
And for a poultry rancher, even one case of bird flu can have devastating consequences. Here's Jess Craig, a fellow at Vox and former infectious disease epidemiologist.
And to contain the spread of bird flu, any birds that have been exposed must be euthanized, which has been necessary for tens of millions of birds in recent years.