日不落与新大陆:1930年贸易战

华尔街见闻
28 Apr

引言:多数观点认为《斯姆特-霍利关税法》引发了1930年全球贸易战,加剧了大萧条。但作为当时全球最主要的债权国和贸易顺差国,本应享受贸易红利的美国为什么要“主动”加征关税?大萧条的经济衰退中,关税究竟产生了多大的拖累? 如果把1929-1933年美国大萧条比作一场雪崩,那《斯姆特-霍利关税法》可能只是一片雪花,危机的根源之一在于金本位制度下,债务与贸易对货币体系产生的冲击。背后是康波周期追赶国(...

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