[TigerLikesRooster]

Ping!

[Star Traveler]

It’s time to move all manufacturing back on our own shores...

[allmost]

It’s a rather pathetic read.

[Ken H]

In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone? ...the Great Depression, passed the... Anyone? ...the Hawley-Smoot Tariff Act, which... raised or lowered...anyone? raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? It did not work, and the United States sank deeper into the Great Depression.

[Myrddin]

It seems the fight over selling American beef to Europe is on the way to a trade war over European motorcycles. The threat on the table is a 100% tariff on European motorcycles and scooters. Any stock currently on the showroom floor is exempt. Some of the affected names include Vespa, Piaggio, Aprilia, BMW, Husqvarna and KTM.

The 2007 Piaggio BV500 out the door price is about $6600 right now. Double that. Now you're in the price range of a low end Harley or mid range Japanese cruiser. The dealers of European motorcycles will be put out of business over an agricultural conflict. Totally stupid. No surprise when politicians are involved.

[familyop]

Gross Domestic Product (ref. 1929 dollars in millions)

Year    GDP

1929   101,444
1930    91,513
1931    84,300
1932    70,682
1933    68,337
1934    74,609
1935    85,806
1936    95,798
1937   103,917
1938    96,670
1939   103,736
1940   112,961
1941   126,237

Source: National Bureau of Economic Research, NBER Series 08166.

[familyop]

Compensation from before World War I through the Great Depression

by Robert VanGiezen and Albert E. Schwenk
Bureau of Labor Statistics

John T. Dunlop and Walter Galenson, eds., Labor in the Twentieth Century (New York, Academic Press, 1978), p. 30.

Dunlop and Galenson, p. 27.

Year	Unemployment rate
1923-29	3.3
1930	8.9
1931	15.9
1932	23.6
1933	24.9
1934	21.7
1935	20.1
1936	17.0
1937	14.3
1938	19.0
1939	17.2
1940	14.6
1941	9.9
1942	4.7