Image: Scott Nelson has an essay in the Spring 2025 issue of Foreign Policy. You can read it on the website https://foreignpolicy.com/. The Awful History of Tariffs and Depressions, What the 19th century teaches us about what happens next. Essay by Scott Reynolds Nelson. Nelson is a history professor at the University of Georgia and the author of A Nation of Deadbeats: An Uncommon History of America's Financial Disasters and other books.