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To: gcruse
Such policies contributed to a drastic decline in international trade.

Nonsense.
You're wrongly attributing cause and effect.

In 1929, imports formed only 6 percent of the GNP, yet the Great Depression resulted in a 31 percent drop in GNP. It was the overall economic decline that led to the decline in imports, not vice-versa.

57 posted on 11/06/2004 4:39:02 PM PST by Willie Green
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To: Willie Green
Nonsense.
You're wrongly attributing cause and effect.


Heh.  I didn't write that.  If you'll follow the link, it goes to the US State Department.  
62 posted on 11/06/2004 4:43:29 PM PST by gcruse (http://gcruse.typepad.com/)
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