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To: RedWulf

I never made that assertion. I do suggest that Smoot-Hawley
made the Great Depression worse.

There were many factors that produced the Great Depression:
the stock market crash, the crop failures in the midwest, and the collapse of the banking system because the FED did not do it job-a job it was assigned when formed-provide for an elastic currency.


155 posted on 12/23/2016 4:12:39 PM PST by Maine Mariner
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To: Maine Mariner

The thing that made the great depression worse was the lack of debt discharge. Depression are purely a function of debt overload and the failure to quickly discharge debts causes them to linger.


160 posted on 12/23/2016 4:25:39 PM PST by RedWulf (Trump:Front Lines. Obama: Back Nine. Hillary:Nap Time.)
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