Tariffs have shaped economies, influenced revolutions, and impacted global relations throughout history, serving as significant tools beyond mere economic measures.
The Navigation Acts forced colonies to rely on British trade, ultimately fostering colonial discontent that would contribute to the seeds of revolution.
The Smoot-Hawley Tariff of 1930 exemplified how tariffs can exacerbate economic downturns, significantly deepening the Great Depression by stifling international trade.
By implementing high tariffs through acts like the Corn Laws, the British government wielded control over food prices, impacting the lower class significantly.
Collection
[
|
...
]