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

To: UCFRoadWarrior
The evidence does not support those contentions

Caused the great depression? No one who understands the issue should ever make that claim. Only the most economic illiterate among us would believe that the total collapse of world trade didn't prolong and deepen the depression even though, throughout history, a collapse in global trade always led to global recessions and depressions.

Photobucket

58 posted on 02/04/2009 3:41:34 PM PST by Mase (Save me from the people who would save me from myself!)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Mase

You assume that Smoot-Hawley caused this. It did not. It is natural for countries to move to protect their market in times of economic stress. It’s happening now.


142 posted on 02/04/2009 5:43:24 PM PST by nyconse
[ Post Reply | Private Reply | To 58 | 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