Did the Smoot–Hawley Tariff cause the great depression?
Did the Smoot–Hawley Tariff cause the great depression?
If by Smoot-Hawley Tariff you mean either Jews or Black people, then yes.
Bump
The New Deal is what turned a bad recession into the Great Depression.
FDR restored faith in the banks which Hoover had methodically destroyed. FDR's programs put many back to work and saved many farms. His legislation helped prevent more Wall Street shennanigans like those that caused the crash.
Why do you say the new deal caused the depression?
Really cause the Great Republican Depression was already 3 and a half years old when FDR took office in March 1933 you fucking retard.
Every single economic indicator improved once the New Deal was passed and FDR won 4 straight elections
bump
...
Republicans controlling the House, Senate, Presidency and Supreme Court from 1921 to 1933 caused the Great Republican Depression.
12 straight years of Republican control, the longest in the last 100 years.
...
you have autism
you have autism
>Leaf education
...
you live your life in fear of me
You have autism
you have autism
>when u know you will get destroyed by Obama Leaf in any form of debate, so you spam bullshit
you have autism
>
No, but it made the Depression worse by making shit more expensive and other countries retaliating with their own tariffs. It's a real-life example of why trade restrictions are bad.
you have autism
this. good thing not everyone here is economically illiterate
Not that guy, but do you seriously have nothing better to do than debate people on a Han Glass Blowing forum?
With all of your proported knowledge you could be doimg better things with it and your time.
Im genuinely curious.
...
Kike Marxist detected. Die in a flaming pit of burning juden
Come try redistribute this cash homie
Even niggers hate leafs
The Federal Reserve executed monetary tightening in 1929, i.e., took liquidity out of the system, about the time that the great depression got underway. A minority of economists point to that event as the start of the Great Depression, and Ben Bernanke reached the same conclusion himself, which is why he justified zero interest rate monetary policy, to flood the system with liquidity so that we did not have another great depression.
When the Smoot-Hawley tariff was passed, it increased the tariff from 13.5% to 19.8%, considerably lower than the 29.7% rate that the U.S. averaged from 1821 to 1900. Compare to today, when the U.S. has less than 3% tariff.
The U.S. ran a trade surplus back in 1930, and it was on the rise as well, so we had a lot more to lose back then by passing the tariff, than we would today, when we run a huge trade deficit. See, back then, other countries were buying more of our goods than we were of theirs, so the economics favored retaliatory tariffs. That's not true today, because we buy far more of other countries goods than we sell to them, and additionally, our biggest trade partner, China, already has massive tariff and non-tariff barriers to trade in place, equal to greater than 35%.
The chances of a retaliatory trade war today are far less than they were in 1930 when Smoot-Hawley was passed, because the conditions don't favor it.
Does any of that answer your question? Probably not. Economics is not an exact science. We can really only guess about it.
you have autism
you're a cuck for the billionaire globalist elites who own you
you have autism
Are right wing retards under some sort of impression that black voters backed Trump?
wait
are you under some sort of delusion that I'm Trump's wife's son?
>Economics is not an exact science.
Right. But every time government intervenes, some shit happens. EVERY crisis is caused by the government. Or who ever rules the government if that's your thing.
>doesn't realize black voters not showing up in Philadelphia, Detroit, and Wisconsin is why Hillary lost
you have autism
> Philadelphia, Detroit, and Wisconsin
Right wing retard doesn't know the difference between cities and states.
Fuck you're a moron.
Are you under some sort of delusion that I'm Trump's wife's son?
Its just a bored kid
And besides that if the boy really did have autism why the fuck would you make fun of him for having a legit disability? That's kinda ducked up mate.
Not an argument. Black turnout was down 30%, which would have made the difference in a tight election. Guess Obongo couldn't rally the negros.
you have autism
Men constitute governments to intervene in human problems and, hopefully, to improve the situation. It doesn't work every time. Government is a tool, nothing more, nothing less. If the chisel breaks on a rock, the solution is not to damn chisels, but rather to set about replacing the broken chisel with a new or improved one.
I'm not making fun of him.
I'm making fun of this retard who spams "you have autism" in every thread because he knows I will destroy him in any form of intellectual combat
Are you under some sort of delusion that I'm Trump's wife's son?
you have autism
Right wing retards bragging that their voter suppression efforts were successful.
Not to mention, African Americans turned out less when the first black president in American history wasn't on the ballot.
This stupefies you?
I'm gunna win every battle and u know it
>asking for an ID is suppressing the black vote because they're all too stupid to get a free ID
makes me wonder why they vote Democrat...
No. It didn't help. But it didn't cause it.
you have autism
>Being so salty and petty you go after a kid playing with his mom
Leafs, not even once.
Read Economics in One Lesson by Henry Hazlitt.
Im curious on what your input is on just how much influence the president has on the economy.
As far as I've always known congress has had a far more significant impact on the economy due to taxes and regulations passed through them. The president balances it out by signing it into law yes but in comparison he does not pull as much.
No. Closing down voting stations and cutting off early voting does you fucking retarded moron in complete denial.
When Republicans brag that their voter suppression efforts help them win elections, you don't have a retarded leg to stand on.
...
President has a lot and Republicans called it the OBama economy.
>He's still this upset that the DNC wasn't able to win the election with illegals
>voter ID laws don't suppress nigger votes
Obongo says otherwise. People don't have a right to vote early. In some states, early voting starts 3 weeks before the polls open. It's absurd. Maybe am extra day or two days, but weeks of extra voting is too much.
thats just the elite manipulating the economy to fit their narrative
the only thing illegal voting went for trump and you know it.
i fucking destroy you on this every time
This is about as articulate of an argument as you will get out if him. You're asking for too much if you expect him to explain anything.
>He's still this upset that the DNC lost after trying to rig the vote with illegals
>A fucking leaf
>cutting off early voting
>Niggers need a three month window to show up to the polls on time.
>Muh 99% chance of victory
You're in complete denial right wing retard.
Republicans are such morons (like you), they keep bragging that they cheat to win elections.
Update your graphs.
muh goldman sachs
Does it explain how FDR's presidency of 1933 to 1945 caused a depression that started in 1929?
>not for lack of enthusiasm
>retards still believe Hillary didn't have an enthusiasm problem
In any case, I don't care who is hurt by voter ID laws and ending early voting. They're absurd laws.
Yeah because having to wait 8 hours to vote is completely reasonable you filthy degenerate retard
Unlike you Trumptards, black people actually have jobs to go to.
>Muh pure Goddan ignorance, muh low IQ deflection
youtube.com
When did the kikes start proxying Canada so hard? You became the most hated faggots on Sup Forums over the course of a few months.
and not one of them voted which is why u have zero evidence of it
My favourite thing about this meme is that people act like it's extraordinary that something deemed ot have a 1% chance of happening took place. I bet half of them buy lottery tickets as well.
right wing retards aren't good with dates or numbers
>He's still this upset that his beloved pet niggers didn't go out to vote like they did for Obongo
Libs don't vote, they just complain.
>When did the kikes start proxying Canada so hard?
I hate Trump u fucking retard
Such as? The president does not have the power of the purse, so im not sure where his primary influence lay except through maybe executive orders. We're not a socialistic state either, most growth or busts seem to be due to market results.
And just because the repubs call it something doesn't make it accurate. You would agree with this, you don't like the rinos anymore than I do.
>Reality, something that happend
>A meme
wew lad
>Libs don't vote, they just complain.
AHAHAHAHAH
You right wing retards got so triggered that Hillary won by 3 million votes that you had to make up insane pizzaspiracies with 0 evidence.
>Being 12
READ
MY
FUCKING
TEXT
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again."
federalreserve.gov
Republicans can't win without affirmative action for right wing retards.
>free coffee and doughnuts
What the fuck?
Soups - sure. One pot meals. Bread and other basic groceries. Clothes, blankets, hygiene items and so on. All those tjomgs I can totally understand, they keep alive, they do make a difference, it's a smart thing to give others if you want to help.
But fucking sweets? It seems quite bizarre to me
Wrong
I don't know how many times I can explain the Executive Branch to you people.
I'm not even gunna try to bother explaining that the President submits his budget to Congress because I know from experience that this is too much for right wing retards to understand.
Yeah, she won the illegal vote in California, good job. Too bad you fucking shills won't be able to import voters anymore after Trump is done.
You, your media dogs, and your endless propaganda will not win another election for a hundred years.
...
>Hillary won
Sorry, I didn't mean to confuse you. What I mean is that if something happens which was forecast a number of months ago to have a 1 in 100 chance of happening, it's really not that remarkable. At one point I think a lot of people would have said Trump had that low of a chance - he just did a great job turning it around.
That said I make no excuses for the retards who were massively surprised when he won - everyone I knew in the states was confident that it was going to be him by the time election day rolled around.
>I know, Sup Forums is racist and hates all Jews, I'll just post images of Trump not declaring we should nuke it off the face of the Earth!
Kike tactics.
Isn't she the one who voted for Romney in 2012?
You actually saved that? What a legitimate autistic faggot. The president submits their proposed budget. Congress writes the budget.
The depression started with the Fed and FDR made it worse in the long run by playing market manipulator. Funny they don't teach you the crisis that came earlier in the 1920s and which the government didn't step in to help. And the country got better faster than it would have been if the government had stepped in.
No, you have autism
I love it when u right wing retards are such fucking morons, you btfo your own arguments
>Libs don't vote, they just complain.
Less than 50 people have been president of the USA.
Your 1 in a 100 chance suddenly seems a lot more weighty than your text implies. That's my point.
No one gets "double votes," and people in rural areas are more educated than those in urban areas.
you have autism
...
Tell me how a budget is written, retard.
>tfw standing in line for gibs
>tfw day elebenty sumfin
shiieeettt