Why America Loves Tariffs

Ep 11 of "Why" Series is "Why America Loves Tariffs." This is Video 1 of a 3 part mini series exploring the history, economic analysis, and reasons why the US and Trump continues using tariffs. Using the book Clashing over Commerce by Douglas Irwin, we'll cover 3 major eras of tariffs in the US.

00:01: Intro - Tariffs were the main source of income for the US gov for 100 years
00:44: Tariff Revenue Era (prior to the 16th Amendment)
02:00: Alexander Hamilton's Economic Vision
03:02: Tariff Division between North and South leading up to the Civil War
06:33: Tariff Protectionist Era (1861-1933) - North vs South
09:43: Smoot-Hawley Tariff Disaster
11:22: Free Trade Era (1934-Present). Franklin D Roosevelt's Reciprocal Trade Agreements Act, NAFTA, World Trade Organization, and China vs US

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Next video will be "Why Tariffs Don't Work Anymore"

#economics #ushistory #tariffs #tradewar #news #politics

Видео Why America Loves Tariffs канала Karla Kim
tariffs, us history, economics, history, world history, trade war, trump tariffs, trump policy, news, us news, world relations, current affairs, international relations, consumer goods, manufacturing, economic analysis, us civil war, free trade, us government, free trade vs protectionism, money, finances