Protectionism is
the use of trade barriers to protect local companies and their workers from
foreign competition. Import tariffs, quotas, subsidies/tax cuts to local
businesses and direct state interventions are some methods of Protectionism.
This is where government actions and policies directly restrict or restrain
international trade with the intention of protecting local businesses and jobs
from foreign competitions.
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Some critics
argue that over time these types of government actions end up hurting people
that they intend to help and protect. They promote free trade as an alternative
and superior solution over protectionism.</span>
Similar to how they felt about the rest of the proposed federal government, the Anti-Federalists believed the Constitution granted too much power to the federal courts, at the expense of the state and local courts. They argued that the federal courts would be too far away to provide justice to the average citizen.
Answer:
banking panics or “bank runs,” during which large numbers of anxious people withdrew their deposits in cash, forcing banks to liquidate loans and often leading to bank failure.
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Causes of the Great Depression
The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion. ...
Banking panics and monetary contraction. ...
The gold standard. ...
Decreased international lending and tariffs.
