Author Question: How did protectionism and tariffs help cause the Great Depression? (Read 1318 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686

Hawke

  • Hero Member
  • *****
  • Posts: 679
They DID NOT.   The Smoot Hawley act had nothing to do with the depression.  Nor did the stock market crash of '1929.   The great depression was caused by the Federal Reserve reeling in the money supply until the country broke.    

Google "the money masters".   its  a very good documentary by Bill Still.    You have to do one hell of a lot of reading to find out what is in the documentary, so its a good place to start.  

I can't remember which  economics guru said it (might have been Volker), something like "You can't have a depression without a contraction of the money suppply and you can't have a contraction of the money supply without a depression".    

But there's a lot of mis-information out there.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

penguins

  • Hero Member
  • *****
  • Posts: 903
It had nothing to do with causing the great depression and non American industry is not traded on the DOW hence Tariffs are good for America.

FDR raised tariffs on metals and that helped bring us out of the depression and is responsible for creating most are steel industry.



 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

For a complete list of videos, visit our video library