Byline: ANDREW M. GREELEY
Not many people around today remember the London Economic Conference of 1933. It was convened in the depths of the Great Depression to explore the possibility that lifting trade barriers around the world would turn the economic tide and create jobs and prosperity. The United States was still bound by the most restrictive tariffs in its history imposed by the infamous Republican Smoot-Hawley Act. President Roosevelt, new in office and deeply concerned about the faltering American economy, was inclined, as were all Democrats, to support free trade.
However, conservative economic advisers warned that lifting tariff barriers would be dangerous …
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