The Protectionist Threat to Cross-Border M&AFrank Aquila
Ask most people what led to the Great Depression, and they are likely to point to the 1929 stock market crash as the cause. Put that same question to historians and economists, and their response will be far different. They will explain that the higher U.S. tariffs imposed by the Smoot-Hawley Tariff Act were the real culprit.
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