PRIVATE MONOPOLY BANK caused GREAT DEPRESSION
Tariffs existed fine for 150 years BEFORE the Great Depression.
You have been drinking too much pop econ koolaid of Walter Williams & Thomas Sowell who represent foreign interests. No two people have done more damage by selling their Big Myth.
Question for the class: What significant law was passed prior to the Great Depression??
The answer rhymes with Federal Reserve lying bank.
The Great Depression didn’t really start until 1932. That crash in 32’ made the one in 29 look paltry and the market had recovered 30% up to 1932.
So my point is that Hawley-Smoot was passed in that critical period between 1929 and the real beginning of the GD, 1932.