Author Question: How did protectionism and tariffs help cause the Great Depression? (Read 1967 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?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

For a complete list of videos, visit our video library