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To: Redmen4ever

Oh BS. Smoot Hawley was an insignificant act that only effected 1.5% of GDP. As such, it was impossible for it to have the massive effect you Free Traitors™ claim it had. Smoot Hawley is there nothing we can’t blame on it?


34 posted on 07/13/2020 6:33:02 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

The bank failures started in the rural areas of the country and from there spread to the cities.

Just to be sure, IF (big if) the Fed had intervened to maintain the money supply, then the first thing (collapse of export demand for U.S. farm product) would not have cascaded into the second thing (collapse of the banking system and the entire economy).

Then, there was FDR’s socialist policies that continued the depressed economy in terms of work, until 1941; and, in terms of consumer product, until 1946.

So, to give some credence to what you said, amidst your vulgarity and name-calling, no, the collapse of export demand for U.S. farm product could not explain the depth or duration of the Great Depression. It took a complete outbreak of economic stupidity.


45 posted on 07/13/2020 6:48:14 AM PDT by Redmen4ever (u)
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