After WWI the US erected high tariffs and immigration barriers, so foreign nations could neither sell goods to nor emigrate to the US, leaving them dependent on continued American lending to service debts and rebuild—a closed-off system that placed sustained strain on European economies.
causalpending
Speaker
Eric RauchwayEvidence Quote
“with new tariffs raised after the war, with new barriers to immigration raised after the war in the United States, there's uh very little foreign competition”
Created: 6/17/2026, 10:09:28 AM
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