{"id":"https://openalex.org/W370984871","doi":"https://doi.org/10.5860/choice.49-6999","title":"Trade policy disaster: lessons from the 1930s","display_name":"Trade policy disaster: lessons from the 1930s","publication_year":2012,"publication_date":"2012-08-01","ids":{"openalex":"https://openalex.org/W370984871","doi":"https://doi.org/10.5860/choice.49-6999","mag":"370984871"},"language":"en","primary_location":{"id":"doi:10.5860/choice.49-6999","doi":"https://doi.org/10.5860/choice.49-6999","is_oa":false,"landing_page_url":"https://doi.org/10.5860/choice.49-6999","pdf_url":null,"source":{"id":"https://openalex.org/S2764375719","display_name":"Choice Reviews Online","issn_l":"0009-4978","issn":["0009-4978","1523-8253","1943-5975"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316146","host_organization_name":"Association of College and Research Libraries","host_organization_lineage":["https://openalex.org/P4310316146","https://openalex.org/P4310315903"],"host_organization_lineage_names":["Association of College and Research Libraries","American Library Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Choice Reviews Online","raw_type":"journal-article"},"volume":null,"type":"book-review","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":100,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":"49","issue":"12","first_page":"49","last_page":"6999"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10605","display_name":"Historical Economic and Social Studies","score":0.5131999850273132,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10605","display_name":"Historical Economic and Social Studies","score":0.5131999850273132,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.43309998512268066,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13158","display_name":"Political and Economic history of UK and US","score":0.01209999993443489,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/protectionism","display_name":"protectionism","score":0.7480000257492065},{"id":"https://openalex.org/keywords/great-depression","display_name":"Great Depression","score":0.7829999923706055},{"id":"https://openalex.org/keywords/trade-policy","display_name":"trade policy","score":0.7170000076293945},{"id":"https://openalex.org/keywords/smoot-hawley-tariff","display_name":"Smoot-Hawley Tariff","score":0.8600000143051147},{"id":"https://openalex.org/keywords/tariffs","display_name":"tariffs","score":0.6489999890327454},{"id":"https://openalex.org/keywords/gold-standard","display_name":"gold standard","score":0.753000020980835},{"id":"https://openalex.org/keywords/currency-depreciation","display_name":"currency depreciation","score":0.8690000176429749},{"id":"https://openalex.org/keywords/capital-controls","display_name":"capital controls","score":0.7900000214576721},{"id":"https://openalex.org/keywords/import-quotas","display_name":"import quotas","score":0.9869999885559082},{"id":"https://openalex.org/keywords/trade-war","display_name":"trade war","score":0.7229999899864197},{"id":"https://openalex.org/keywords/preferential-trade-agreements","display_name":"preferential trade agreements","score":0.7820000052452087},{"id":"https://openalex.org/keywords/multilateral-trading-system","display_name":"multilateral trading system","score":0.7889999747276306},{"id":"https://openalex.org/keywords/trade-barriers","display_name":"trade barriers","score":0.5870000123977661},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.7950000166893005},{"id":"https://openalex.org/keywords/economic-nationalism","display_name":"economic nationalism","score":0.6949999928474426}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.33257749676704407}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.5860/choice.49-6999","doi":"https://doi.org/10.5860/choice.49-6999","is_oa":false,"landing_page_url":"https://doi.org/10.5860/choice.49-6999","pdf_url":null,"source":{"id":"https://openalex.org/S2764375719","display_name":"Choice Reviews Online","issn_l":"0009-4978","issn":["0009-4978","1523-8253","1943-5975"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316146","host_organization_name":"Association of College and Research Libraries","host_organization_lineage":["https://openalex.org/P4310316146","https://openalex.org/P4310315903"],"host_organization_lineage_names":["Association of College and Research Libraries","American Library Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Choice Reviews Online","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W3147891839","https://openalex.org/W7220886025","https://openalex.org/W2090849076","https://openalex.org/W7160431251","https://openalex.org/W2495013752","https://openalex.org/W1993730147","https://openalex.org/W7098418675","https://openalex.org/W7099929148","https://openalex.org/W7101125947","https://openalex.org/W4385185581"],"abstract_inverted_index":{"The":[0,23,51],"extreme":[1,137],"protectionism":[2,138],"that":[3,77,135],"contributed":[4,66],"to":[5,67,149,158,173],"a":[6,68,144,184],"collapse":[7,69],"of":[8,18,47,53,61,117,130,139,146,179,189,195,202,207,211,233,245],"world":[9,71,203,246],"trade":[10,63,98,111,197,219,235,253],"in":[11,16,29,70],"the":[12,19,27,30,48,54,59,81,114,118,127,131,136,140,151,193,200,205,208,213,231,242],"1930s":[13,55,119,141],"is":[14],"examined":[15],"light":[17],"recent":[20,24],"economic":[21,25,89],"crisis.":[22],"crisis-with":[26],"plunge":[28],"stock":[31],"market,":[32],"numerous":[33],"bank":[34],"failures":[35],"and":[36,42,91,120,154,176,186,224,237,248],"widespread":[37],"financial":[38],"distress,":[39],"declining":[40],"output":[41],"rising":[43],"unemployment-has":[44],"been":[45],"reminiscent":[46],"Great":[49],"Depression.":[50],"Depression":[52],"was":[56],"marked":[57],"by":[58],"spread":[60],"protectionist":[62,82],"policies,":[64],"which":[65],"trade.":[72],"Although":[73],"policymakers":[74,170],"today":[75],"claim":[76],"they":[78],"will":[79],"resist":[80],"temptation,":[83],"recessions":[84],"are":[85],"breeding":[86],"grounds":[87],"for":[88,250],"nationalism,":[90],"countries":[92,216],"may":[93],"yet":[94],"consider":[95],"imposing":[96],"higher":[97,174,196],"barriers.":[99],"In":[100],"Trade":[101],"Policy":[102],"Disaster,":[103],"Douglas":[104],"Irwin":[105,133],"examines":[106],"what":[107,122],"we":[108,123],"know":[109],"about":[110],"policy":[112,128],"during":[113],"traumatic":[115],"decade":[116],"considers":[121],"can":[124],"learn":[125],"from":[126],"missteps":[129],"time.":[132],"argues":[134],"emerged":[142],"as":[143,166,192],"consequence":[145],"policymakers'":[147],"reluctance":[148],"abandon":[150],"gold":[152],"standard":[153],"allow":[155],"their":[156],"currencies":[157],"depreciate.":[159],"By":[160],"ruling":[161],"out":[162],"exchange":[163,222],"rate":[164],"changes":[165],"an":[167],"adjustment":[168],"mechanism,":[169],"turned":[171],"instead":[172],"tariffs":[175],"other":[177],"means":[178],"restricting":[180],"imports.":[181],"He":[182],"offers":[183],"clear":[185],"concise":[187],"exposition":[188],"such":[190],"topics":[191],"effect":[194,232],"barriers":[198],"on":[199,241],"implosion":[201],"trade;":[204,247],"impact":[206],"Smoot-Hawley":[209],"tariff":[210],"1930;":[212],"reasons":[214],"some":[215],"adopted":[217],"draconian":[218],"restrictions":[220],"(including":[221],"controls":[223],"import":[225],"quotas)":[226],"but":[227],"others":[228],"did":[229],"not;":[230],"preferential":[234],"arrangements":[236],"bilateral":[238],"clearing":[239],"agreements":[240],"multilateral":[243],"system":[244],"lessons":[249],"avoiding":[251],"future":[252],"wars.":[254]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":21},{"year":2019,"cited_by_count":7},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":7},{"year":2016,"cited_by_count":11},{"year":2015,"cited_by_count":7},{"year":2014,"cited_by_count":11},{"year":2013,"cited_by_count":10},{"year":2012,"cited_by_count":8}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}