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To: UCFRoadWarrior
From: http://thefilter.blogs.com/thefilter/2008/01/the-not-so-secr.html

"The Smoot-Hawley tariffs came in June 1930. There is wide academic consensus that these prolonged the Great Depression, they certainly reduced global trade"

"Unemployment was at 7.8% in 1930 when the Smoot-Hawley tariff was passed, but it jumped to 16.3% in 1931, 24.9% in 1932, and 25.1% in 1933.[12]" http://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act


27 posted on 02/04/2009 3:08:41 PM PST by Uncle Miltie (Congress declares a National Dividend in the amount of $9,000 per taxpayer instead of Porkulus.)
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To: Uncle Miltie

Useless chart...since it shows nothing in regard to overall economic growth during the time


48 posted on 02/04/2009 3:33:08 PM PST by UCFRoadWarrior (The Threat To Our Soverignty Is Rampant Economic Anti-Americanism)
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