Tariffs

Did protectionist tariffs initiate the Great Depression? Will free trade across international borders benefit all countries involved, or create winners and losers? Is there any middle ground in the globalization debate? This program surveys the history and politics of cross-border trade, identifying ways that nations have tried to strengthen, reduce, or prevent it. Outlining the concept known as pattern of trade, the video examines cases for and against free trade while studying comparative advantage, wage inequality, economies of scale, and the infant industry argument. The evolution of international trade policy is also examined, featuring prominent examples of pro- and anti-protectionist measures: the Smoot-Hawley Tariff Act, GATT, NAFTA, the emergence of the World Trade Organization, and more. The success of East Asian economies following World War II highlights the principle of export-oriented industrialization. A Films for the Humanities & Sciences Production. (33 minutes) 2007

The history of the banana trade is as politically loaded as that of coffee or oil—and yet it has received scant media attention over the decades. This documentary addresses that information void, exploring links between corporate power, Western governments, and developing nations that are heavily dependent on banana production as a result of colonial and postcolonial influences. Viewers gain an understanding of disputes between U.S.-supported Latin American countries wanting liberalization of European markets and the E.U.-allied ACP (Africa, Caribbean, and Pacific) states, which have traditionally enjoyed tariff preferences. An ideal case study for coursework focusing on the economics of globalization. (52 minutes) 2008

Delegates from 44 nations met in Bretton Woods, New Hampshire, in 1944 to formulate economic policies to rebuild nations devastated by World War II. The conference created three new international institutions: the International Monetary Fund (IMF), which was meant to help promote world trade and economic stability; the World Bank, which was designed to provide funds for countries rebuilding after the war; and the General Agreement on Tariffs and Trade (GATT), which was intended to help promote free trade. Through agreements such as these, delegates hoped to avoid the financial instability that followed World War I and resulted in the Great Depression. 1946. 1 minute

How are President Trump's tariffs on foreign steel and aluminum affecting manufacturers and workers? At two different Missouri factories, there are two very different stories. Mid Continent Steel and Wire, which makes nails, has already eliminated 100 jobs. But about 60 miles away at Magnitude 7 Metals, the reopened aluminum smelter is back up and running with hundreds of jobs. John Yang reports. 2018. 8 minutes

Dallas County Community College District - Continuing Education/Noncredit Courses: In addition to college credit classes, this video was designed to improve your business skills --- if you dream of owning your own business or help you become the corporate executive you want to be. These Continuing Education (CE)/Noncredit courses do not offer college credit but may apply toward industry credentials or other workplace certificates. 2013. 3 minutes

A corn, soybean and cattle farmer from Ohio responds to Trump's remarks at a rally in Tampa that farmers are accepting the trade tariffs. 2 minutes. 2018.