Replies to post #449095 on Tornado Alley (PROG)

[hap0206]

I was there
the depression, and having it last for 10 years, and creating so much misery and death for millions of Americans

It was called Smoot/Hawley
We learned
the hard way that government oversight and regulation

was the cause
=========
The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Hawley–Smoot Tariff or Smoot–Hawley 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 US tariffs on over 20,000 imported goods.[2]
=====
So wrong --
You must of enjoyed the depression, and having it last for 10 years, and creating so much misery and death for millions of Americans. No true advancement occurred, and the rise of Hitler, Mussolini plunged the world into a World War. Why because people needed some extra money to rebuild their lives when Capitalism learned the hard way that government oversight and regulation was needed to curb excess speculation.