[Veritas]

The great depression was created by a perfect storm of events, credit was just one of the main culprits. Here is another event that prolonged it well beyond what it should have been:

http://future.state.gov/when/timeline/1921_timeline/smoot_tariff.html

“The Smoot-Hawley Tariff was more a consequence of the onset of the Great Depression than an initial cause. But while the tariff might not have caused the Depression, it certainly did not make it any better. It provoked a storm of foreign retaliatory measures and came to stand as a symbol of the ‘beggar-thy-neighbor’ policies (policies designed to improve one’s own lot at the expense of that of others) of the 1930s. Such policies contributed to a drastic decline in international trade. For example, U.S. imports from Europe declined from a 1929 high of $1,334 million to just $390 million in 1932, while U.S. exports to Europe fell from $2,341 million in 1929 to $784 million in 1932. Overall, world trade declined by some 66% between 1929 and 1934. More generally, Smoot-Hawley did nothing to foster trust and cooperation among nations in either the political or economic realm during a perilous era in international relations.”

[Veritas]

The great depression was created by a perfect storm of events, credit was just one of the main culprits. Here is another event that prolonged it well beyond what it should have been:

http://future.state.gov/when/timeline/1921_timeline/smoot_tariff.html

“The Smoot-Hawley Tariff was more a consequence of the onset of the Great Depression than an initial cause. But while the tariff might not have caused the Depression, it certainly did not make it any better. It provoked a storm of foreign retaliatory measures and came to stand as a symbol of the ‘beggar-thy-neighbor’ policies (policies designed to improve one’s own lot at the expense of that of others) of the 1930s. Such policies contributed to a drastic decline in international trade. For example, U.S. imports from Europe declined from a 1929 high of $1,334 million to just $390 million in 1932, while U.S. exports to Europe fell from $2,341 million in 1929 to $784 million in 1932. Overall, world trade declined by some 66% between 1929 and 1934. More generally, Smoot-Hawley did nothing to foster trust and cooperation among nations in either the political or economic realm during a perilous era in international relations.”

[Veritas]

The great depression was created by a perfect storm of events, credit was just one of the main culprits. Here is another event that prolonged it well beyond what it should have been:

http://future.state.gov/when/timeline/1921_timeline/smoot_tariff.html

“The Smoot-Hawley Tariff was more a consequence of the onset of the Great Depression than an initial cause. But while the tariff might not have caused the Depression, it certainly did not make it any better. It provoked a storm of foreign retaliatory measures and came to stand as a symbol of the ‘beggar-thy-neighbor’ policies (policies designed to improve one’s own lot at the expense of that of others) of the 1930s. Such policies contributed to a drastic decline in international trade. For example, U.S. imports from Europe declined from a 1929 high of $1,334 million to just $390 million in 1932, while U.S. exports to Europe fell from $2,341 million in 1929 to $784 million in 1932. Overall, world trade declined by some 66% between 1929 and 1934. More generally, Smoot-Hawley did nothing to foster trust and cooperation among nations in either the political or economic realm during a perilous era in international relations.”

[Veritas]

The great depression was created by a perfect storm of events, credit was just one of the main culprits. Here is another event that prolonged it well beyond what it should have been:

http://future.state.gov/when/timeline/1921_timeline/smoot_tariff.html

“The Smoot-Hawley Tariff was more a consequence of the onset of the Great Depression than an initial cause. But while the tariff might not have caused the Depression, it certainly did not make it any better. It provoked a storm of foreign retaliatory measures and came to stand as a symbol of the ‘beggar-thy-neighbor’ policies (policies designed to improve one’s own lot at the expense of that of others) of the 1930s. Such policies contributed to a drastic decline in international trade. For example, U.S. imports from Europe declined from a 1929 high of $1,334 million to just $390 million in 1932, while U.S. exports to Europe fell from $2,341 million in 1929 to $784 million in 1932. Overall, world trade declined by some 66% between 1929 and 1934. More generally, Smoot-Hawley did nothing to foster trust and cooperation among nations in either the political or economic realm during a perilous era in international relations.”

[Veritas]

The great depression was created by a perfect storm of events, credit was just one of the main culprits. Here is another event that prolonged it well beyond what it should have been:

http://future.state.gov/when/timeline/1921_timeline/smoot_tariff.html

“The Smoot-Hawley Tariff was more a consequence of the onset of the Great Depression than an initial cause. But while the tariff might not have caused the Depression, it certainly did not make it any better. It provoked a storm of foreign retaliatory measures and came to stand as a symbol of the ‘beggar-thy-neighbor’ policies (policies designed to improve one’s own lot at the expense of that of others) of the 1930s. Such policies contributed to a drastic decline in international trade. For example, U.S. imports from Europe declined from a 1929 high of $1,334 million to just $390 million in 1932, while U.S. exports to Europe fell from $2,341 million in 1929 to $784 million in 1932. Overall, world trade declined by some 66% between 1929 and 1934. More generally, Smoot-Hawley did nothing to foster trust and cooperation among nations in either the political or economic realm during a perilous era in international relations.”

[Veritas]

Adams was brilliant. No one like him in Washington today. Here is a link to follow the money to see why the bail out is happening. The politicians on both sides are taking care of their own money. Caesar was whacked for a lot less. Here is the link:

http://www.opensecrets.org/pres08/index.php

Banking on Becoming President

For the first time ever in U.S. history, the candidates for president have raised more than $1 billion. To find out where all this money is coming from, click on the candidates’ names below and explore the options to the left. The candidates now file campaign finance reports monthly. The reports for August are due September 20th.

[Veritas]

Adams was brilliant. No one like him in Washington today. Here is a link to follow the money to see why the bail out is happening. The politicians on both sides are taking care of their own money. Caesar was whacked for a lot less. Here is the link:

http://www.opensecrets.org/pres08/index.php

Banking on Becoming President

For the first time ever in U.S. history, the candidates for president have raised more than $1 billion. To find out where all this money is coming from, click on the candidates’ names below and explore the options to the left. The candidates now file campaign finance reports monthly. The reports for August are due September 20th.

[Veritas]

Adams was brilliant. No one like him in Washington today. Here is a link to follow the money to see why the bail out is happening. The politicians on both sides are taking care of their own money. Caesar was whacked for a lot less. Here is the link:

http://www.opensecrets.org/pres08/index.php

Banking on Becoming President

For the first time ever in U.S. history, the candidates for president have raised more than $1 billion. To find out where all this money is coming from, click on the candidates’ names below and explore the options to the left. The candidates now file campaign finance reports monthly. The reports for August are due September 20th.

[Veritas]

Adams was brilliant. No one like him in Washington today. Here is a link to follow the money to see why the bail out is happening. The politicians on both sides are taking care of their own money. Caesar was whacked for a lot less. Here is the link:

http://www.opensecrets.org/pres08/index.php

Banking on Becoming President

For the first time ever in U.S. history, the candidates for president have raised more than $1 billion. To find out where all this money is coming from, click on the candidates’ names below and explore the options to the left. The candidates now file campaign finance reports monthly. The reports for August are due September 20th.

[Veritas]

Adams was brilliant. No one like him in Washington today. Here is a link to follow the money to see why the bail out is happening. The politicians on both sides are taking care of their own money. Caesar was whacked for a lot less. Here is the link:

http://www.opensecrets.org/pres08/index.php

Banking on Becoming President

For the first time ever in U.S. history, the candidates for president have raised more than $1 billion. To find out where all this money is coming from, click on the candidates’ names below and explore the options to the left. The candidates now file campaign finance reports monthly. The reports for August are due September 20th.

[Veritas]

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)

[Veritas]

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)

[Veritas]

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)

[Veritas]

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)

[Veritas]

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.
John Adams, ‘Argument in Defense of the Soldiers in the Boston Massacre Trials,’ December 1770
US diplomat & politician (1735 – 1826)

[Author]

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