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To: RayChuang88

Smoot Hawley wasn’t passed until 2 years into the Great Depression.

And at that time imports were only equal to 5% of GNP. There is no way that tariffs caused or even contributed greatly to the Great Depression.

Today, imports are equal to 16% of GNP and 23% of Americans are unemployed.


17 posted on 01/10/2014 1:17:42 PM PST by DannyTN (A>)
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To: DannyTN

How did U.S. exports do during this same period?


28 posted on 01/10/2014 1:58:09 PM PST by 1rudeboy
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