Beggar-my-neighbor Policy <2025>

The phrase was likely coined by writer O. Henry in 1904, though it is based on an older card game of the same name .

Reduces overall global economic welfare and creates market volatility . beggar-my-neighbor policy

High taxes on imports to make foreign goods more expensive than local ones. The phrase was likely coined by writer O

Providing government funds to domestic firms so they can undercut international competitors. Historical Context beggar-my-neighbor policy

Provides immediate protection for struggling domestic industries . Can temporarily boost employment in specific sectors .

These policies were most famous during the 1930s . Nations raised massive trade barriers to protect jobs, which eventually led to a collapse in global trade and worsened the global depression .