Without you providing us with the diagram, I can still offer you some thought about the effect of the Smoot-Hawley Act and protective tariffs. Sponsored by Senator Reed Smoot and Congressman Willis Hawley, the intent of their tariff act was to protect American jobs during the economic crisis of the Depression. However, when the US imposed protective tariffs, other nations retaliated with tariffs of their own. Thus American exports and imports were cut in half and the Depression grew worse, not better.
We should note this too: While economists agree that Smoot-Hawley worsened the Depression, how large of a factor it was is a matter that economists debate. Some say the tariffs played a minor role compared to other aggravating factors of the Depression. However, the Foundation for Economic Education asserts that the economists who want to minimize the role of the Tariff Act are wrong to do so. Underestimating the negative impact of protective tariffs can be very dangerous economically -- then and now.
Penn called the capital city Philadelphia, meaning the "City of Brotherly Love," to reflect his desire that his colony serve as a haven for Quakers and other oppressed Christians seeking religious freedom. King Charles II charter to WIlliam Penn, 1681.
Tribune is an official in ancient Rome chosen by the plebeians to protect their interests
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What will happen to the countries that do not industrialize is that their economy will fall behind the rest of thw world's economy.
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