Did cutting taxes and paying off the national debt cause the Great Depression? (user search)
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  Did cutting taxes and paying off the national debt cause the Great Depression? (search mode)
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Question: Did cutting taxes and paying off the national debt cause the Great Depression?
#1
Yes		  
#2
No		  
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Total Voters: 18

Author Topic: Did cutting taxes and paying off the national debt cause the Great Depression?  (Read 3162 times)
Sam Spade
SamSpade
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Posts: 27,547
« on: December 21, 2004, 07:29:44 PM »
Quote from: SE Gov. Ernest on December 20, 2004, 07:46:51 PM
Smoot-Kawley is what turned an ordinary depression into the Great Depression.  It was the stupidest piece of legislation ever to pass Congress and if only Hoover hadn't signed it, he might have gotten a second term.

Ernest is right on this one.  1929-1930 was pretty bad, but not terrible.

1931-1933 were the hellish years when unemployment went through the roof.

I don't have numbers on this, but I'm pretty sure I'm right.
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