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To: arrogantsob
In 1940 the US and world economies were in a state of collapse one of the reasons for that collapse was the passing of the Smoot-Harley Law in 1930 which killed international trade.

We got a Smoot Hawley lie propagator. LOL.

For anyone that isn't brainwashed Smoot Hawley had little or no impact on the Great Depression. Why? Trade was only 4% of the total GDP in 1930 so it couldn't have great impact.

The great Depression was a financial crises and a banking crises Smoot Hawley had nothing to do with it. It as passed the year AFTER the crash.

136 posted on 10/16/2017 7:05:18 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

As I said SH was a factor. Changes at the margin can have large effects. Ever hear of the Straw That Broke the Camel’s Back?

Since you claim that this nation can achieve full employment without international trade why did it take WW2 to recover?


141 posted on 10/16/2017 7:56:48 PM PDT by arrogantsob (Check out "Chaos and Mayhem" at Amazon.com)
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