Aug 24, 2017

08/24/2017: How tariffs helped along the Great Depression

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The four-letter word of global trade (so to speak) is "tariff." There are times when tariffs seem like they'd be a good thing, usually when people with power feel like the economy's not working for them. But if you bring up tariffs in polite conversation with a bunch of economists, they're gonna go right to the Smoot-Hawley Act of 1930. Perhaps the most infamous of American tariffs, it's credited by some with deepening the Great Depression. We'll talk about it as we continue our series on globalization, "Trade-off." Plus, we'll bring you the latest on the White House, Congress and the possibility of a government shutdown. Then: Taylor Swift is putting out a new single tonight, ahead of a new album in November, and you know we found the business angles.

Segments From this episode

Rodeo on the rebound

Aug 24, 2017
Rodeo still rounds 'em up in rural America.
Calf roping just before the throw at Chief Joseph Days Rodeo.
Photo courtesy of Ellen Morris Bishop

The American protectionism bill that made the Great Depression worse

Aug 24, 2017
The Smoot-Hawley story you never learned in high school history class.
The Smoot-Hawley Tariff was a protectionist piece of legislation that raised tariffs on over 20,000 imported goods.
Ken Garduno, Illustrator

Black college leaders say Trump administration hasn't made good on its promises to HBCUs

Aug 24, 2017
The White House has yet to name a director or board of advisers to oversee its initiative.
President Donald Trump is applauded before signing an executive order to bolster historically black colleges and universities in the Oval Office on Feb. 28.
JIM WATSON/AFP/Getty Images

Taylor Swift’s been dropping hints, but now it’s confirmed: She’ll drop a new album in November

Aug 24, 2017
After dropping hints on social media for weeks, Taylor Swift has announced that her sixth studio album, called “Reputation,” will drop November 10. A new single comes out tonight. It’s been three years since Swift’s last album, “1989,” a long time in this rapidly changing music industry. How will she fare? Click the audio player […]

Global economies are growing together, relying less on the U.S. as an engine

Aug 25, 2017
It also helps mitigate risk, one expert says.
National flags in front of the European Parliament on June 2016 in Strasbourg, eastern France.
FREDERICK FLORIN/AFP/Getty Images

The four-letter word of global trade (so to speak) is “tariff.” There are times when tariffs seem like they’d be a good thing, usually when people with power feel like the economy’s not working for them. But if you bring up tariffs in polite conversation with a bunch of economists, they’re gonna go right to the Smoot-Hawley Act of 1930. Perhaps the most infamous of American tariffs, it’s credited by some with deepening the Great Depression. We’ll talk about it as we continue our series on globalization, “Trade-off.” Plus, we’ll bring you the latest on the White House, Congress and the possibility of a government shutdown. Then: Taylor Swift is putting out a new single tonight, ahead of a new album in November, and you know we found the business angles.

Music from the episode

Pigs - Instrumental Aesop Rock
Sunday - Instrumental 9th Wonder, Keisha Shontelle, Chaundon
Gold Silver Diamond Generationals
Outro Vulfpeck