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Ancient Rome used high tariffs to raise money too – and created other economic problems along the way
Unfortunately for the Romans, however, these tariffs often led to higher prices, black markets and other economic problems.
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Ancient Rome used high tariffs to raise money too—and created economic problems
Tariffs of 25% in ancient Rome led to the rise of black markets—a potential challenge for the Trump administration too.
The Conversation3d
Ancient Rome used high tariffs to raise money too – and created other economic problems along the way
Peter Edwell receives funding from the Australian Research Council. Tariffs are back in the headlines this week, with United States President Donald Trump introducing sweeping new tariffs of at ...
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Ancient Rome used high tariffs to raise money too – and created other economic problems along the way
As someone who’s spent years researching the economy of Ancient Rome, it all feels a shade familiar. In fact, tariffs were also used in Ancient Rome, and for some of the reasons that governments ...