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To: Poison Pill
Yeah, it did.

Smoot Hawley affected trade, specifically imports, which amounted to a measly 1.5% of the entire economy in 1930. Imports were cut in half and so were exports which were 2% of the US economy, tiny. After Smoot 1% of the economy shrank. 1% that's it. 1% isn't even considered a recession. So you Free Traitor™ want to blame the entire depression on a 1% GDP shrinkage. What a joke. This why I have zero respect for so called economist. They are all full of BS.

Simply put Smoot Hawley is a lie and propaganda used by Free Traitors™ all the time.

Just once I wish one of you Free Traitors™ would do some research and look at the facts about Smoot Hawley and drop the brain dead mantra.

52 posted on 02/06/2018 6:48:16 PM PST by central_va (I won't be reconstructed and I do not give a damn)
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To: central_va
1% isn't even considered a recession.

Recession?! We had begun the greatest economic contraction in the history of capitalism 6 month prior. Smoot through gas on that fire and helped spread the contagion worldwide.

55 posted on 02/06/2018 7:03:56 PM PST by Poison Pill
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