Liberal Forum

HarperLee » 46 minutes ago » wrote: ↑

46 minutes ago

Jumping out of windows...?

Where did you hear that one?
It's been debunked numerous times

The image of vast numbers of investors jumping out of office building windows simply did not occur. In fact, as the business historian, Robert Sobel, noted, “the suicide rate was down during this period.” At its peak on September 3, 1929, the Dow hit 381.17.Jun 15, 2022

Well thanks for clearing up my perception of the conception..

I guess you'll tell me Terror Ifs didn't prolong The Great Depression too.   We are getting fully engaged in the Global Trade War at work. I doubt we will ever build a system for outside the US ever again. I don't know what concept of a plan we are on but Elon owns the river we are rolling down now. Proud Mary is in ashes in the Dumpster Fire

https://en.wikipedia.org/wiki/Smoot%E2% ... iff_ActThe Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff,[1] was a law that implemented protectionist trade policies in the United States. Sponsored by Senator Reed Smoot and Representative Willis C. Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised U.S. tariffs on more than 20,000 imported goods.[2]Excluding duty-free imports, when enacted, the tariffs under the act were the second highest in United States history, exceeded by only the Tariff of 1828.[3] The act prompted retaliatory tariffs by many other countries.[4]The act and tariffs imposed by U.S.'s trading partners in retaliation were major factors in the reduction of American exports and imports by 67% during the Great Depression.[5]Economists and economic historians have agreed that the passage of the Smoot–Hawley Tariff worsened the effects of the Great Depression.[6]