Economics Freshman Course Unit 6 Part2 - Search Videos

What are tariffs, and how do they work?

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Explore how tariffs work and dig into how their enactment can set off an economic chain reaction that impacts global trade. -- In 1930, in hopes of supporting farms and manufacturing, President Hoover made a bold decision: he approved a sweeping 20% tax on all imported agricultural and industrial goods. But the plan completely backfired ...

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