https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Protectionism 2026-08-04T06:53:56Z Revision history for this page on the wiki MediaWiki 1.43.6 https://en.bharatpedia.org/w/index.php?title=Protectionism&diff=309449&oldid=prev 2021-11-15T08:35:56Z

<p>robot: Creating new article from <a href="/wiki/Special:WantedPages" title="Special:WantedPages">Special:WantedPages</a></p> <p><b>New page</b></p><div>&#039;&#039;&#039;Protectionism&#039;&#039;&#039; means that a country has laws or other rules that make it easier for their own products and brands to sell by making goods from foreign countries more expensive or harder to get.<br /> <br /> The idea of protectionism is to stop [[import]]s (when people buy goods from other countries instead of from their own). [[Mercantilism]] is one kind of protectionism.<br /> <br /> For example, if farmers from Argentina are selling wheat at a lower price than French farmers are, French people would buy more wheat from Argentine farmers than from French farmers, and French farmers would not get so much money.<br /> <br /> The benefits to protectionism is that some people in a country would make more money because they would be able to sell things at higher prices, but on the other hand, other people would lose money because they wouldn&#039;t be able to buy the things from other countries that sell them cheaper.<br /> <br /> Many protectionists (people who believe in protectionism) support big [[tariff]]s (taxes on a trade involving a foreign country) because the government can get a lot of money from the tariffs.<br /> <br /> When a country raises a tariff on another country, usually the other country raises their tariffs on that country to get even. This is called a [[trade war]].<br /> <br /> Tariffs were popular in the United States during the 1800s, but when the United States made the [[Hawley-Smoot Tariff]] a law in 1930, it raised tariffs very high on Europe. In response, Europe raised its tariffs on the United States, which resulted in a trade war. Many economists and historians believe that the tariffs made the [[Great Depression]] worse.<br /> <br /> Protectionism is no longer popular now. Instead, people support [[free trade]] (the opposite of protectionism where the government makes it easier for the country to trade with other countries).<br /> <br /> == See also ==<br /> * [[Developmentalism]]<br /> <br /> == External links ==<br /> * [http://www.wisegeek.com/what-is-protectionism.htm What is protectionism?] at wisegeek.com<br /> <br /> <br /> {{stub}}<br /> <br /> [[Category:Economic history]]</div>

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