By gumming up the economic engine worldwide with Tariffs it is going to kill millions of people middle class or below just like the last Great Depression did starting in 1929 during the crash.
The closest thing to that likely was the Great Recession from around 2008 to 2012 that actually had even worse fundamentals than the Great Depression did. Luckily we had Bernanke at the Fed who had studied the causes and effects of the Great Depression so he was able to help us avoid another Great Depression or worse then 2008 to 2012.
Here is the low of the STock market in 2009 which was the lowest it went during the Great Recession:
begin quote:
The DJIA hit a low on March 6, 2009 of 6,469.95.
On that same day, a regulatory report indicated that the 5 biggest
banks still had large risk exposure due to derivatives that could fail.
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