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To: justshutupandtakeit
Congress had initiated a Trade War with Smoot-Hawley.

There was no 'trade war'.

53 posted on 01/11/2005 8:36:46 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green

Tariff levels increased across the globe following S-H and at the onset of the Depression Beggar-thy-neighbor policies became the norm. These helped destroy international trade and assured the Depression would last longer and be more destructive than it would have with normal trade relations in place.


66 posted on 01/11/2005 8:58:41 AM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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