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To: SeekAndFind; central_va

“Smoot-Hawley might not have CAUSED the great depression, but it did a lot of damage to the economy.”

Smoot-Hawley wasn’t much different than the Fordney-McCumber Tariff of 1922. Which was followed by the Roaring Twenties.

The collapse of the American banking system from 1930-33 was the cause of the Great Depression. Smoot-Hawley didn’t help but it wasn’t the cause.


56 posted on 03/09/2016 8:16:45 AM PST by Pelham (more than election. Revolution)
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To: Pelham

Smoot-Hawley only effected trade which was a fringe part of the economy in the 1930’s.


58 posted on 03/09/2016 8:21:17 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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