Markets Brace For The Worst (Shades Of 1987?)

The Telegraph (UK) ^ | 5-15-2006 | Ambrose Evans-Prichard

[nopardons]

The vast majority of FDR's "solutions" were Socialist and the SCOTUS even managed to knock down several of his most overt Marxist programs.

Smoot-Hawley was, indeed, an exacerbation of the problems, not a help, it's true; however, that wasn't an FDR program!

Most of the rest of the world WAS already in deep depression, and America was just the last domino to fall. Neither Smoot-Hawley nor our major market CRASH of '29, were responsible for the rest of the world's financial problems. The cause of that, can neatly be placed at the feet of the Treaty of Versailles, with an addendum of WW I, and Socialist Movements in union strikes in England and Wales!

The ONLY thing that ended the American DEPRESSION, was WW II !