Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Maine Mariner

>The Smoot-Hawley tariff invited retaliation from all of our trading partners. Prior to the tariff we had a trade surplus, exports greater than imports; after the tariff we had a trade deficit, imports greater than exports. Yes,imports fell as a result of the tariff, but our exports to other countries fell even more.

Still nothing to do with your assertion that Tariffs caused the great depression.


154 posted on 12/23/2016 4:08:05 PM PST by RedWulf (Trump:Front Lines. Obama: Back Nine. Hillary:Nap Time.)
[ Post Reply | Private Reply | To 149 | View Replies ]


To: RedWulf

I never made that assertion. I do suggest that Smoot-Hawley
made the Great Depression worse.

There were many factors that produced the Great Depression:
the stock market crash, the crop failures in the midwest, and the collapse of the banking system because the FED did not do it job-a job it was assigned when formed-provide for an elastic currency.


155 posted on 12/23/2016 4:12:39 PM PST by Maine Mariner
[ Post Reply | Private Reply | To 154 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson