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In fairness trade protection was an exacibation, not a cause of the Great Depression [1]. 1. https://en.m.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act https://en
by danieltillett 8y ago
In fairness trade protection was an exacibation, not a cause of the Great Depression [1].
1. https://en.m.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act https://en.m.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act
- xymor 8y agoSo, you're saying the 1930 introduced tarrifs didn't create the 1929 depression? I hope you can provide a source for such a bold statement.
- danmaz74 8y ago1929 was the year of the market crash. The depression lasted 12 years, most of them during the 1930s.
- dustinmoorenet 8y agoYeah, the main reason was rampant stock speculation. I'm glad we don't have that anymore. /s
- deleted 8y ago[deleted]