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The end of prosperity.
Oleh:
Ferguson, Niall
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Time Magazine vol. 172 no. 14 (Oct. 2008)
,
page 16.
Topik:
History
;
Depression
;
Ketersediaan
Perpustakaan PKPM
Nomor Panggil:
T7
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Congress's initial rejection of the BUsh Administration's $700 billion bailout plan calls to mind an unhappy precedent. Back in 1930, the Senate passed the Smoot-Hawley Tariff Act, which raised duties on some 20,000 imported goods. Historians define this as one of the critical steps that led to the Great Depression - a tipping point when the world realize that partisan self-interest had trumped global leadership on Capitol Hill.
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