ilmscore | Prediction Details
"The Smoot Hawley Tariff Act... tariffs were placed on foreign Goods to help the livelihood of American businesses and make their products more competitive but in actuality the opposite happened instead of American Products booming other countries just got upset and raised their own taxes on us products this meant that many businesses sold less they downsized and a lot of them went out of business on top of that world trade diminished by a lot because a lot of countries refused to do business with anyone outside of their border and the entire world suffered"
By Graham Stephan | December 9, 2024 | Pending
From video
"No More Income Taxes!" - The 10% Trump Tariff Explained 00:10:06 - 00:10:50
Interpreted Prediction
The Smoot-Hawley Tariff Act of the 1930s, intended to help American businesses, led to retaliatory tariffs from other countries, decreased sales for US businesses, increased unemployment, diminished world trade, and worsened the Great Depression.

Prediction Details

Topic
US Economy

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