Author Question: How did protectionism and tariffs help cause the Great Depression? (Read 1995 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?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

For a complete list of videos, visit our video library