Italian translation: ha dato il via al protezionismo
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09:27 Aug 21, 2010
English to Italian translations [PRO] Bus/Financial - Economics / globalizzazione
English term or phrase:protectionist ball rolling
Domestic politics proved equally powerful during the 1930s on the trade front. The decade saw a massive failure of international cooperation in trade, a free-for-all that aggravated the Great Depression. The United States was among the worst offenders and got the protectionist ball rolling by imposing the highest tariffs in its history in 1930. The infamous Smoot-Hawley Tariff was a response to the fall in commodity prices and economic decline, and aimed to shelter each industry with some voice in Congress behind high protective walls.