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Both. Both were very primitive short sighted economics. Germany was in the most fundamental and true sense, bankrupt, both financially, politically and physically.

Smoot was another simple, dumb, economically ignorant, and protective of, in the case of the Utah Smoot family fortune, and others. Smoot hurt the mass of leaving the farm, entering the urban factory worker.

On the international side, since Wilson, the US and others had been working to increase world trade, rebuild Europe, and promote Democracies. That was all discredited by Smoot. All of it.

You’ll notice after this recent crisis, no country introduced any trade protections. Not a one. That tells you something.

"Both. Both were very primitive short sighted economics. Germany was in the most fundamental and true sense, bankrupt, both financially, politically and physically." Communism also survived that era, yet it was short sighted and unrealistic as well. "Smoot was another simple, dumb, economically ignorant, and protective of, in the case of the Utah Smoot family fortune, and others. Smoot hurt the mass of leaving the farm, entering the urban factory worker." As has been pointed out, Smoot only started after the Depression began, now it has become a sort talisman "eww..just like Smoot Hawley" "On the international side, since Wilson, the US and others had been working to increase world trade, rebuild Europe, and promote Democracies. That was all discredited by Smoot. All of it." It is most certainly NOT the care or concern of America to promote democracies, such an interventionist foreign policy over the last 60yrs has seen the US fight how many wars now? How many wars by proxy? How much in cash and lives has the US paid for that line of thought? "You’ll notice after this recent crisis, no country introduced any trade protections. Not a one. That tells you something." Nope, you've forgotten Obama's tariffs on su bsidized ChiCom metal pipe imports..