It was such protectionism that led to the Smoot-Hawley Tariff Act of 1929--30, the precipitator of the Great Depression.
FORBES: Magazine Article
Their inadequate holdings of cash was more a trigger or precipitator of their woes, rather than their most basic flaw.
BBC: Banks agree minimum liquidity rules
The immediate precipitator of this deadly squeeze is the Federal Reserve.
FORBES: Fact and Comment
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