Author Question: How did protectionism and tariffs help cause the Great Depression? (Read 1322 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?

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

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library