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To: pepsionice
The Hawley Act simply made damage done in 1929 stagnant and done little to nothing to improve the situation.

Trade was only 4% of GNP at the time. The Smoot-Hawley did nothing to worsen the Great Depression becasue it affected just a tiny portion of the overall economy. So let is go. It is a lie and an attempt to re-write history by globalist trade nuts.

95 posted on 06/09/2017 9:01:00 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Year after year, the nation could not climb out of the pit.

1929: Wall Street collapse and banking sector failures.

1930/1931: Smoot-Hawley Act.

1931: Dust Bowl starts.

1932: Hoover tax rates fall into play.

1933: New Deal arrives.

1934: 10-percent GDP growth in one single year. Massive printing of money.

1935: More printed money, and social security arrives.

1936: New taxes via FDR and Congress arrive.

1937/1938: New mini-depression occurs and ends a year later.

1939/1940: Dust Bowl drought starts to disappear. 8-percent GDP growth each year.

1942: War starts and FDR has to relax industrial rules...allowing finally for exit to the depression.


100 posted on 06/09/2017 9:27:22 AM PDT by pepsionice
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To: central_va

EF Hutton. Sorry for my typing.


108 posted on 06/09/2017 1:38:23 PM PDT by Lumper20
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