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To: arthurus

Well, thank you, I’m rather confused as to why you’ve posted this, since I agree. But, what does this have to do with the your contention in question, that the Great Depression was caused by tariffs?


68 posted on 01/15/2017 5:24:46 AM PST by RegulatorCountry
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To: RegulatorCountry

The Great Depression was not totally caused by tariffs. The Crash was triggered by the Trade War set off by Smoot Hawley and gave FDR excuses to make it much worse, putting in place controls that further stifled economic activity. The Crash was not the Depression and did not cause it. We have had crashes that were not followed by hard times and crashes that were. The Depression did not end with the War contrary to general belief. The War converted a high unemployment depression into a full employment depression but it remained a Depression all the same. People were not materially any better off than in the preWar era. Many still did not get enough to eat. The Depression didn’t really end until Ike removed most of the FDR chains from the economy and set off the 50s expansion and prosperity. The postwar recession of the late forties and into the early fifties was a continuation of the Depression.


75 posted on 01/15/2017 5:36:57 AM PST by arthurus
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