this post was submitted on 04 Apr 2025

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Today I Learned

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TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History (en.wikipedia.org)

submitted 1 year ago by realitista@lemm.ee to c/til@lemmy.world

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cross-posted from: https://lemmit.online/post/5566633

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/todayilearned by /u/MechCADdie on 2025-04-04 08:19:11+00:00.

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[–] Flocklesscrow@lemm.ee 70 points 1 year ago (4 children)

Proof yet again that "business leaders" typically don't know shit about shit.

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[–] Vanilla_PuddinFudge@infosec.pub 29 points 1 year ago

It is all 1000% on purpose.

They intend to ride it out and profit from all of this, and we'll let them due to cowardice and division.

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[–] chiliedogg@lemmy.world 11 points 1 year ago

They LOVE massive depressions. They buy up real estate and failing companies cheap with their massive cash reserves.

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[–] wellheh@lemmy.sdf.org 8 points 1 year ago

This guy is no business leader- he bankrupt his own casinos multiple times and just stiffs people on payment. He's a grifter who happened to be born into money

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[–] SocialMediaRefugee@lemmy.world 4 points 1 year ago (1 child)

The so called geniuses of business have a better batting average than the average person but they are still prone to the same fuck ups and emotionally driven foolishness as anyone else. I was reading about the Theranos scam and how many supposed brilliant corporate leaders all threw big money at it without taking the time to investigate it first.

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