The Great Depression.
With the trade war initiated by Donald Trump, analysts and economists began to recall the great crisis experienced by the USA almost a century ago. In 1929, the New York stock market crash opened the door to a major recession in American soil, which would have global effects, both economic and geopolitical. In the wake of the so-called "stock market crash", then-President Herbert Hoover approved the Smoot-Hwaley Act, increasing tariffs on imported products. The law generated a series of retaliations and worsened the situation of the US economy. To explain the similarities and differences of what is underway and what happened in 1930, Alan Severiano receives USP professor Simão Davi Silber. President of the Fipe's board of trustees, Silber recalls the effects of the so-called "Great Depression", when 1 in 4 Americans lost their jobs and the US GDP fell 25%. He also talks about how the crisis shaped economic policies around the world and the geopolitical consequences a century ago. Silber also answers what that moment in history teaches us and which mistakes cannot be repeated.
Original title: A Grande Depressão econômica do séc. 20
Original description: Com a guerra comercial aberta por Donald Trump, analistas e economistas passaram a relembrar a gran…