Lectures in Macroeconomics- Charles W. Upton Restricting Trade I.

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Presentation transcript:

Lectures in Macroeconomics- Charles W. Upton Restricting Trade I

Tariffs D S

Restricting Trade I Tariffs D S Q1Q1 Q4Q4 PwPw

Restricting Trade I Tariffs D S Q1Q1 Q4Q4 PwPw Q2Q2 Q3Q3 P w +T

Restricting Trade I Tariffs over Time

Restricting Trade I Tariffs over Time

Restricting Trade I Tariffs over Time

Restricting Trade I Tariffs over Time

Restricting Trade I Why did Smoot-Hawley Fail The policy was “Beggar-thy-Neighbor”

Restricting Trade I Why did Smoot-Hawley Fail The policy was “Beggar-thy-Neighbor” Other Nations Retaliated

Restricting Trade I The Smoot Hawley Tariff

Restricting Trade I End ©2005 Charles W. Upton. All rights reserved