Jarhead91
2008-12-11 10:24:37
Holy crap! I’m reading a post defending Smoot-Hawley!
Smoot-Hawley didn’t cause the Depression but it sure helped make it Great. The shut-down of international trade, along with government interference in business, sky-high taxes, and unrestrained deficit spending were the tools Hoover and FDR used to turn a recession into a long depression that didn’t end until WWII came along.
