The tariff issue was by no means something that was scaring the stock market. NOTHING in recent history has so strikingly emphasized the need for international coöperation in the economic field as the business depression which now for over two years has weighed down upon the world.
1 hour ago The dramatic slowdown in productivity growth experienced after the Great Recession A) is believed by most economists to be a permanent shift in the ec onomy. To argue that the tariffs were even a major cause of the Great Depression is really ridiculous. Although modern economists may disagree over the extent to which the Smoot-Hawley tariff exacerbated the Great Depression, it is certainly clear that it did not help. The Smoot-Hawley tariff was simply too small a policy change to have so large an effect as triggering a Depression. America's average tariff on goods subject to tariff went from 44.6 to 53.2 percent--not a very big jump at all. Some note … Smoot-Hawley has been criticised as a major cause of the Great Depression with no mention of the tariffs that predated the 1930 legislation. Donald Trump thinks trade wars are good, but history suggests otherwise. Tariffs were in place throughout the 1920s. It was the product of Democratic propaganda to simply blame the Republicans for everything, which worked in the end.
It was the product of Democratic propaganda to simply blame the Republicans for everything, which worked in the end. B) suggests that productivity growth can occur without raising the nation's standard of living. The stock market crash, people buying on credit, banks didn't have enough money, and high tariffs were all causes of the Great Depression. Because these were sold in the small denomination to the average public, those who … For a start, it only applied to about one-third of America's trade: about 1.3 percent of our GDP. The sources of the contraction in spending in the United States varied … For some reason Free Traders think the only tariff that they can speak about is the Smoot Hawley act. Although it originated in the United States, the Great Depression caused drastic declines in … It … They point out that exports only accounted for some seven percent of the U.S. gross national product in 1929 and the decline in U.S. exports in the ensuing years may have been caused by the depression itself and not solely by tariff retaliation. The Smoot-Hawley Tariff was clearly harmful to trade and diplomacy, but it is uncertain how damaging it was relative to other economic forces. Tariffs did nothing to contribute to the great depression. The Great Depression started with the unemployment rate rising, but still under 10%. To argue that the tariffs were even a major cause of the Great Depression is really ridiculous. They hurt the economy by limiting American producers' ability to sell goods overseas.

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