[LS]

No, sir, you are the one without a clue. First, Doug Irwin, who has studied the HS tariff extensively, shows that it affected EVERYTING, across the board, in one way or another. Further, the impact of HS had to be DEFLATED (thanks Fed REserve Board for the deflation of the 1930s) and when you did that you got a dollar amount equivalent to five percent of GNP---not five percent of "trade" Just like today, the level of trade and the number of industries AFFECTED by trade are as different as night and day.

Now as to the "timing," glad you asked. Jude Wanniski has done an extensive study on the market in the months before HS was passed. With every advance of HS through a congressional committee vote, the market went DOWN. But the key vote came on Wed. just before "Black Thursday." This made HS a surety.

The more we find out about this idiotic bill, the more the evidence points to it as being the second greatest factor in the Great Depression, behind the antics of the Federal Reserve board. Put THAT in your pipe and smoke it.

[Willie Green]

Jude Wanniski has done an extensive study on the market in the months before

Who gives a rat's patoot about any "study" that Wanniski does?

He's not an economist.
His education is Political Science and Journalism: the perfect combo for propaganda, not a serious "study" of economics.