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To: Bratch

Great screed. Look up Smoot Hawley. How’d that work out?


46 posted on 09/05/2011 11:26:15 PM PDT by BenKenobi (Honkeys for Herman!)
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To: BenKenobi
Great screed. Look up Smoot Hawley. How’d that work out?

Smoot-Hawley had little or no impact on the great depression. So quit with the free traitor lies on this thread.

"What happens if we focus on exports alone? Exports were $5.9 billion in 1929, and had declined to $2.0 billion in 1933, for a -$3.9 billion decline. This $3.9 billion decline was roughly 3.8% of our 1929 GDP, which had already declined by a whopping 46% over the same period of time. Thus, of the -46% GDP decline, only 3.8% of it was due to a fall in exports. "

From the Smoot Hawley Fairy Tale

78 posted on 09/06/2011 6:14:12 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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