IT'S OVER: America Just Made the Exact Same Mistake That Started the Great Depression скачать в хорошем качестве

IT'S OVER: America Just Made the Exact Same Mistake That Started the Great Depression

This Happened Before. It Ended in Depression. The Pattern Is Playing Out Again. The Smoot-Hawley Tariff Act of 1930 triggered a global trade collapse that deepened the Great Depression. The same pattern is playing out right now — step by step — with the same actors and the same logic. Here is the documented history and the exact parallels. → March 4, 2026: US imposed 25% tariffs on Canada — Canada retaliated within hours → March 5: Auto imports exempted until April 2. March 6: USMCA-compliant goods exempted until April 2 → Tax Foundation: Trump tariffs are the largest US tax increase as % of GDP since 1993 — $1,500/household average → 1930 parallel: Hoover signed Smoot-Hawley despite 1,000+ economists' petition, Henry Ford's personal plea, JP Morgan begging → 1930 result: World trade collapsed 65%. US exports fell from $7B to $2.5B. Unemployment went from 8% to 25%. 5,000+ banks failed → Canada 1930: Pivoted to British Empire after US tariffs. Canada 2026: Pivoting to China after US tariffs → Carney: "The era of close economic integration with the United States has ended." US is "no longer a reliable partner" → Canada-China strategic partnership (Jan 2026): Chinese EVs for Canadian canola. Trump threatened 100% tariffs — Canada proceeded anyway → Stiglitz (Nobel laureate): "Virtually all economists think the impact will be very bad for America and the world" → GM 2026 outlook: $3-4 billion in expected tariff costs → SCOTUS struck down IEEPA tariffs Feb 20 — $175B refund liability — Section 122 replacement expires in 150 days → US debt: $38.56T, interest payments approaching $1T/year — fiscal stimulus capacity far more constrained than in 1930 Sources: Tax Foundation (Tariff Tracker), Bloomberg (March 5), CBC News (tariff guide, Feb 26), CNBC (Canada-China deal, Jan 26), NPR (100% tariff threat, Jan 24), Al Jazeera (trade deal), The Fulcrum (tariff analysis, Feb 11), Wikipedia (trade war timeline), BNN Bloomberg (investor impact), TD Economics, General Motors 2026 guidance, Joint Economic Committee (US debt), CBO #Tariffs #SmootHawley #TradeWar #Canada #China #EconomicHistory #GoldPrice #USMCA #Section122 #Recession #Depression #FinancialHistory #Geopolitics