ilmscore | Prediction Details
"But instead, the opposite happened. Instead of American products booming, other countries got upset and raised their taxes on US products. That caused a lot of local companies to sell less. They scaled back and many of them went under. On top of that, world trade diminished because many other countries refused to do business with anyone outside of their own border, making the global economy a lot worse off. This meant that people wound up paying significantly more for the exact same items than they did before. And a 100 years later, the Smoot Holly Act was actually credited as making the Great Depression worse."
By Graham Stephan | April 4, 2025 | Correct
From video
It’s Over: Trump Just Broke The Stock Market 00:09:12 - 00:09:45
Interpreted Prediction
The Smoot-Hawley Tariff Act is cited as having negative consequences, including retaliatory tariffs from other countries, decreased sales for US companies, diminished world trade, and is credited with worsening the Great Depression.
AI Evaluation Notes
The Smoot-Hawley Tariff Act is historically cited as having negative consequences, including retaliatory tariffs, decreased sales for US companies, diminished world trade, and worsening the Great Depression. These effects are widely documented and accepted by economists and historians.

Prediction Details

Topic
Smoot-Hawley Tariff Act Impact

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