News that Herbert Hoover is planning to raise tariffs on agricultural products has come out.
After this news was released, it immediately caused a huge uproar in the United States, with countless economists stepping forward to criticize Herbert Hoover's proposal.
At this time, the first mathematic economist in the United States expressed: The United States is a massive creditor nation. If other countries cannot sell goods to the United States, then how will they repay their debts?
The most famous and authoritative economist in the United States, Paul Douglas, stated: Please do not sign this bill, it will be a beast that could crush the American economy!
Alongside them were numerous American economists.
Immediately after, Andrew Mellon, the U.S. Treasurer who served through Harding, Coolidge, and Herbert Hoover's presidencies, expressed that he could not persuade Herbert Hoover to change this idea, and he was deeply concerned about the development of the U.S. economy.
