I
ironfeak
Member
- Feb 14, 2025
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Some fact check :
While the Smoot-Hawley Tariff Act was economically damaging, its role in causing or even indirectly fueling World War II is overstated. The key drivers of WWII were political and ideological—not primarily economic.
1. Limited Impact on the Global Economy:
- Smoot-Hawley did reduce U.S. trade, but global trade was already collapsing due to the Great Depression. Other nations (e.g., Britain, Germany, France) had already raised tariffs before 1930.
- Empirical studies (e.g., by Douglas Irwin) suggest Smoot-Hawley’s direct effect on the Depression was minor compared to monetary policy failures (e.g., the Federal Reserve’s tight money policies, bank collapses).
2. Germany and Japan’s Expansionism Was Driven by Other Factors:
- Nazi Germany’s aggression stemmed from revanchism (anger over Versailles), Hitler’s ideological goals (Lebensraum), and militarism—not U.S. tariffs.
- Japan’s invasion of Manchuria (1931) and later expansion were motivated by imperial ambitions and resource scarcity, not trade policy.
3. Protectionism Was a Symptom, Not a Cause:
- The rise of economic nationalism was a response to the Depression, not its main cause. Even without Smoot-Hawley, countries would have likely turned inward due to the crisis.
- The breakdown of the gold standard and financial panics had far worse effects on global stability than tariffs.
4. U.S. Isolationism, Not Tariffs, Played a Political Role:
- The U.S. avoided WWII not because of trade policy but due to strong isolationist sentiment (e.g., Neutrality Acts).
- Britain and France’s appeasement policies (e.g., Munich Agreement) were far more consequential in enabling Hitler than any economic tensions.
### Conclusion:
Smoot-Hawley was a bad policy, but linking it to WWII confuses correlation with causation. The war was fundamentally caused by unresolved WWI grievances, fascist ideologies, and failed diplomacy—not trade disputes.
While the Smoot-Hawley Tariff Act was economically damaging, its role in causing or even indirectly fueling World War II is overstated. The key drivers of WWII were political and ideological—not primarily economic.
1. Limited Impact on the Global Economy:
- Smoot-Hawley did reduce U.S. trade, but global trade was already collapsing due to the Great Depression. Other nations (e.g., Britain, Germany, France) had already raised tariffs before 1930.
- Empirical studies (e.g., by Douglas Irwin) suggest Smoot-Hawley’s direct effect on the Depression was minor compared to monetary policy failures (e.g., the Federal Reserve’s tight money policies, bank collapses).
2. Germany and Japan’s Expansionism Was Driven by Other Factors:
- Nazi Germany’s aggression stemmed from revanchism (anger over Versailles), Hitler’s ideological goals (Lebensraum), and militarism—not U.S. tariffs.
- Japan’s invasion of Manchuria (1931) and later expansion were motivated by imperial ambitions and resource scarcity, not trade policy.
3. Protectionism Was a Symptom, Not a Cause:
- The rise of economic nationalism was a response to the Depression, not its main cause. Even without Smoot-Hawley, countries would have likely turned inward due to the crisis.
- The breakdown of the gold standard and financial panics had far worse effects on global stability than tariffs.
4. U.S. Isolationism, Not Tariffs, Played a Political Role:
- The U.S. avoided WWII not because of trade policy but due to strong isolationist sentiment (e.g., Neutrality Acts).
- Britain and France’s appeasement policies (e.g., Munich Agreement) were far more consequential in enabling Hitler than any economic tensions.
### Conclusion:
Smoot-Hawley was a bad policy, but linking it to WWII confuses correlation with causation. The war was fundamentally caused by unresolved WWI grievances, fascist ideologies, and failed diplomacy—not trade disputes.