Aftermath: Difference between revisions
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:The effect of the Hawley-Smoot Tariff has been widely discussed. Protectionists Alfred Eckes and Pat Buchanan, argue that the crash happened in 1929, before the actual signing of the Hawley-Smoot Tariff into law, in 1930. | :The effect of the Hawley-Smoot Tariff has been widely discussed. Protectionists Alfred Eckes and Pat Buchanan, argue that the crash happened in 1929, before the actual signing of the Hawley-Smoot Tariff into law, in 1930. | ||
:Other economists believe that the Hawley-Smoot Tariff was directly responsible for the crash. Economist Alan Reynolds demonstrated in 'The National Review' in 1979 that actions favoring passage of the tariff bill correlate quite well with declines in the stock market during 1929 [[HSref|( | :Other economists believe that the Hawley-Smoot Tariff was directly responsible for the crash. Economist Alan Reynolds demonstrated in 'The National Review' in 1979 that actions favoring passage of the tariff bill correlate quite well with declines in the stock market during 1929 [[HSref|(25)]]. | ||
Revision as of 00:46, 27 April 2006
- As talks over the bill continued, the United States economy began to slow down. By the fourth quarter, there were signs hich showed that the economy was beginning to ener a recession. Then, in October of 1929, the Stock Market crashed.
- The effect of the Hawley-Smoot Tariff has been widely discussed. Protectionists Alfred Eckes and Pat Buchanan, argue that the crash happened in 1929, before the actual signing of the Hawley-Smoot Tariff into law, in 1930.
- Other economists believe that the Hawley-Smoot Tariff was directly responsible for the crash. Economist Alan Reynolds demonstrated in 'The National Review' in 1979 that actions favoring passage of the tariff bill correlate quite well with declines in the stock market during 1929 (25).
