Policy: Beggar-my-neighbor

These policies were most famous during the 1930s . Nations raised massive trade barriers to protect jobs, which eventually led to a collapse in global trade and worsened the global depression .

Reduces overall global economic welfare and creates market volatility . beggar-my-neighbor policy

The phrase was likely coined by writer O. Henry in 1904, though it is based on an older card game of the same name . These policies were most famous during the 1930s

Placing strict limits on the volume of specific goods that can be imported. beggar-my-neighbor policy

Today, the term is often applied to modern trade disputes, such as accusations of currency manipulation or "trade wars" involving large-scale tariffs . Pros and Cons Potential Benefits (Short-term)

These policies were most famous during the 1930s . Nations raised massive trade barriers to protect jobs, which eventually led to a collapse in global trade and worsened the global depression .

Reduces overall global economic welfare and creates market volatility .

The phrase was likely coined by writer O. Henry in 1904, though it is based on an older card game of the same name .

Placing strict limits on the volume of specific goods that can be imported.

Today, the term is often applied to modern trade disputes, such as accusations of currency manipulation or "trade wars" involving large-scale tariffs . Pros and Cons Potential Benefits (Short-term)