Anonymous wrote:
Anonymous wrote:Checking in! Can someone please explain how Trump’s tariffs will lower prices?
Research McKinley’s presidency. You’re welcome.
McKinley's tariffs were so terrible they radicalized farmers into the populist movement while also launching progressive reform movements in cities. After McKinley was assassinated, Teddy Roosevelt embraced progressive policies. Taft tried to undo TR's reforms, so TR ran as an independent, which handed the 1912 election to Wilson. Wilson embraced some populist and progressive policies before WWI. Republicans again turned back the clock in the 1920s, resulting in the 1929 crash and Great Depression. FDR finally brought the populists and progressives together in the New Deal, thanks largely to the failures of all the Republican Presidents except TR.