[bvw]

Disagree about tariffs -don't think that they added much one way or the other to the Great Depression, but are a convenient place for people supporting big Government to place the blame. Dynamics are different today -- in the 20's WE were China in industrial production -- tariffs then had as much negatory effect as any positive. Today, we are deficient and need import tariffs to allow new growth of basic industries and manufacturing. I only hope the old domestic dinsosaurs still not yet dead don't eat the most of any new tariff foliage.

[austrianecon]

Actually I have to say you're wrong. The tariffs of 1930 resulted in a collapse of global trade. All tariffs reduce supply, it's a basic economic law; reduced supply then affects jobs. Reduced supply due to tariffs affects export jobs more than domestic jobs. Who /what defaulted the most during the Great Depression? Farms (the producers of our largerst export sector) and farm banks. Were tariffs the sole reason? no, of course not. Were they a big contributing reason? Definitely. Tariffs are the wrong answer.

[Destro]

We will see if the steel import tarriff had any positive results in the domestic steel industry.