The the period after the depression, implementing Smoot Hawley was impossible. Remember though, the stock market crash was 4 months after the passage of the act. In the post civil war era, Henry C Carey designed a protectionist environment that nurtured trade but did'nt allow over supply if markets. In the wake of british free trade was left devistation for the most part. Under Palmerston, free trade played out in the robing of foreign resources, stunting development of countries and ruin.
First, Amity Shlaes degree is in English. She has no economics background. Second, Ms. Shlaes is a member of the CFR - a free trade infested organization dedicated to destroy national sovereignty. Third, no where in the 400 pages of Shlaes' book, "The Forgotten Man", does Shlaes ever state the actual tariff level. Look up "economic effect" in Wikipedia article for Smoot-Hawley and see what Shlaes "forgot" to mention. Hardly objective nor accurate history.
Highly industrialized nations such as china and india are far outproducing America in terms of highly skilled labor/PHDS/MBAS etc and with lower costs, MNCs continue to look outside of the United states for skilled workers. Globalization alone could have devestating effects on unemployment and our economy in the short term (next 30 years) .
Until America begins focusing on education, spending and political reform.... until we promote capitalism and free trade, until we promote personal responsibility and small government (dedicated to their main intended role, protection) we will continue this downward trend lead by a tyrannical government.
Suppose you dont mind the idea of total collapse, and that you are pro regionalized/global currency then that is fine. There are certainly advantages to that. However, the transition will ensure that our entire lifetime and that of your childrens is a struggle similiar to the one endured during the depression. The only difference is that you will not be alive to see the end. Perhaps its time to learn a new language and pack your bags.
First and forthmost, I have it all right. Second, you sound like Ayn Rand. Dude, you don't even have your facts right about the Smoot-HAwley act, so how am I supposed to follw you. The plain fact is: the republicans and the democrats in congress are all capitalist and self-serving, they all have succombed to lobbyist and big business. There are more like fascist.
Shoot me if i'm wrong, but the Cap and Trade Bill of 2009 is a type of Smoot-Hawley that will hamper the ability of a swift economic recovery in the U.S.
It is socialism, totalitarianism beyond your wildest dreams! It is now just like then.
The damn FDR and the democrats enacted this Hoot-Smalley act and they brought the great depression. Just like now that Obama enacts all the gun bans and infriges upon our rights, caps the executive compensations and pushes the so called 'global warming' agenda.
We have learnt nothing. We keep voting the facist, socialist, totalitarianist democrats that brought this economic disaster back to power
Unless this was meant as satire, this is backwards. The bill was devised and passed in the early months of the Hoover' term in 1929, passed in 30. The video cites the figures from 29 to 32, all during the Republican Hoover. How can sockpuppet possibly blame the person who was not president until 1933 and the party which was not in power during 29-32. What he is saying is that the REPUBLICANS are the socialists and totalitarians!! It was the Democrats who repealed Smoot Hawley in 1934.
You're quite right. Hoover was a major protectionist and the Republicans were much more anti-trade than the Democrats at the time. That's been true for much of American history. Protectionism comes in right-wing and left-wing flavors, but they're both poisonous.
Jesus, you are an idiot. Hoover signed SH. And the American economy was already a tariff based economy. This is propaganda. Trade had collapsed before the SH Tariff. Just like today where we see global trade has completely imploded. SH was enabled because Europeans were trying to dump goods on the American market to pay back their profligate WWI debts. PROPAGANDA!
My name is not jesus. Instead of tring to undermine my positions by impling that i am an illegal mexican, try addressing the truths i raise.That is that the democrats hoot and smalley under the lead of fdr did bring the great depression, just like now that bill clinton, obama, pelosi and reid with their communism caused the current economic meltdown. Read history man and don't namecall people. Our rights are being infinged upon by the fascist/socialist democrats for decades...
Blame dems? how about spreading some of the blame towards the republicans. You are certainly aware that the republicans controlled congress from 1995-2007. I blame clinton for signing NAFTA, and both the Financial services modernizationn act (gramm-leach-bliley) of 1999 and Futures COmmodidty modernization act of 2000. But I definitely blame the republicans for inventing sponsoring all of these bills. You need to dig deeper and blame the fed, sec, justice depart, treasury, rating agencies
You've got it partly right. All these stuff you mention are important, but you fail to point out the ideology that interconnects them. And it is the 'progressive' communist creed that is permeating the whole system. Dems are 100% infected because that's their ideology.I admit some times republicans have shown addiction to big government, but their fundamental principles are correct. i.e. that politicians should go home and let the corporations/free market do the policy decisions.
I hope you are joking or you just don't know your history. FDR didn't come in until 1933. Smoot-hawley, much like the fordney tariff, was signed in 1930 with A republican prez and republican controlled senate. They raised tariffs which killed foreign countries to repay their debts to the United states. I hope you know Hoover and the Republicans had left FDR with 25% unemployment!
I said what I think about the video-it is propaganda for an utopia that sounds good, but impossible to reproduce in reality. It's not the mere idea of protectionism that impoverished people in 1930s, but its inadequate application.
I never said free trade is something bad-it's a natural result of evolution, not from ideological revolution. But just as any other freedom, it cannot be on all cost and without any limitations.
For example, is the ban on Monsanto products in Austria protectionism? To some extent-yes. However, it represents the opinion of the society that this product is unsafe for people and environment and they do not want it on their soil! What is more important-public safety or WTO quest for free trade?
No doubts both protectionism and free trade can be manipulated to serve different sides in a conflict. And as usual, the fairness is related to the particular case, not the principle as a whole.
That sounds so much like a scientology propaganda. And I think it's not only the sound. Free trade is a myth and it will always be.
How about what Intel did to AMD-is this a free trade? They are both american companies, you can't say there is influence from the evil socialists or whatever. If free trade is a fundamental good, why companies use it to limit their rivals freedom? Or free trade is good when it's good for you and it's very bad, when it's bad for you? Absolute hypocrisy.
The the period after the depression, implementing Smoot Hawley was impossible. Remember though, the stock market crash was 4 months after the passage of the act. In the post civil war era, Henry C Carey designed a protectionist environment that nurtured trade but did'nt allow over supply if markets. In the wake of british free trade was left devistation for the most part. Under Palmerston, free trade played out in the robing of foreign resources, stunting development of countries and ruin.
toomey706 3 months ago
First, Amity Shlaes degree is in English. She has no economics background. Second, Ms. Shlaes is a member of the CFR - a free trade infested organization dedicated to destroy national sovereignty. Third, no where in the 400 pages of Shlaes' book, "The Forgotten Man", does Shlaes ever state the actual tariff level. Look up "economic effect" in Wikipedia article for Smoot-Hawley and see what Shlaes "forgot" to mention. Hardly objective nor accurate history.
machinehead61 9 months ago
who is Montagu Norman and Ralph Hawtrey in the 1920's
drecdabeast 9 months ago
@drecdabeast is this Davin?
Biddybri 9 months ago
Globalist Propaganda
cakadoo21 1 year ago
@cakadoo21
this is what i heard
therr turk r jobrss
or
hey man, like *puffs pot* wouldn't it be great if we had like no money and everybody shared.
nemasen 1 year ago
we had to rely on our own crops which had been failing for 2 years in '36 every state but maine had crop failures
ajgolfer1 1 year ago
What a slanted bunch of crap.
DKPrepper 1 year ago
Save the word economy by importing a lot of junk from China....
Dieselolds 1 year ago
Highly industrialized nations such as china and india are far outproducing America in terms of highly skilled labor/PHDS/MBAS etc and with lower costs, MNCs continue to look outside of the United states for skilled workers. Globalization alone could have devestating effects on unemployment and our economy in the short term (next 30 years) .
steve1581 1 year ago
Until America begins focusing on education, spending and political reform.... until we promote capitalism and free trade, until we promote personal responsibility and small government (dedicated to their main intended role, protection) we will continue this downward trend lead by a tyrannical government.
steve1581 1 year ago
Suppose you dont mind the idea of total collapse, and that you are pro regionalized/global currency then that is fine. There are certainly advantages to that. However, the transition will ensure that our entire lifetime and that of your childrens is a struggle similiar to the one endured during the depression. The only difference is that you will not be alive to see the end. Perhaps its time to learn a new language and pack your bags.
steve1581 1 year ago
Comment removed
steve1581 1 year ago
Comment removed
steve1581 1 year ago
First and forthmost, I have it all right. Second, you sound like Ayn Rand. Dude, you don't even have your facts right about the Smoot-HAwley act, so how am I supposed to follw you. The plain fact is: the republicans and the democrats in congress are all capitalist and self-serving, they all have succombed to lobbyist and big business. There are more like fascist.
mediblue9 2 years ago
@mediblue9 Fascism is government. Not small or big buisness.
SuperGuitarman69 2 years ago 2
nice of them to trade in english
libralssuck 2 years ago
Shoot me if i'm wrong, but the Cap and Trade Bill of 2009 is a type of Smoot-Hawley that will hamper the ability of a swift economic recovery in the U.S.
rickyguerra4 2 years ago
It is socialism, totalitarianism beyond your wildest dreams! It is now just like then.
The damn FDR and the democrats enacted this Hoot-Smalley act and they brought the great depression. Just like now that Obama enacts all the gun bans and infriges upon our rights, caps the executive compensations and pushes the so called 'global warming' agenda.
We have learnt nothing. We keep voting the facist, socialist, totalitarianist democrats that brought this economic disaster back to power
11thsockpuppet 2 years ago
Unless this was meant as satire, this is backwards. The bill was devised and passed in the early months of the Hoover' term in 1929, passed in 30. The video cites the figures from 29 to 32, all during the Republican Hoover. How can sockpuppet possibly blame the person who was not president until 1933 and the party which was not in power during 29-32. What he is saying is that the REPUBLICANS are the socialists and totalitarians!! It was the Democrats who repealed Smoot Hawley in 1934.
TomServosBlender 2 years ago
You're quite right. Hoover was a major protectionist and the Republicans were much more anti-trade than the Democrats at the time. That's been true for much of American history. Protectionism comes in right-wing and left-wing flavors, but they're both poisonous.
TheTomGPalmer 2 years ago
Jesus, you are an idiot. Hoover signed SH. And the American economy was already a tariff based economy. This is propaganda. Trade had collapsed before the SH Tariff. Just like today where we see global trade has completely imploded. SH was enabled because Europeans were trying to dump goods on the American market to pay back their profligate WWI debts. PROPAGANDA!
123BDG123 2 years ago
My name is not jesus. Instead of tring to undermine my positions by impling that i am an illegal mexican, try addressing the truths i raise.That is that the democrats hoot and smalley under the lead of fdr did bring the great depression, just like now that bill clinton, obama, pelosi and reid with their communism caused the current economic meltdown. Read history man and don't namecall people. Our rights are being infinged upon by the fascist/socialist democrats for decades...
11thsockpuppet 2 years ago
Blame dems? how about spreading some of the blame towards the republicans. You are certainly aware that the republicans controlled congress from 1995-2007. I blame clinton for signing NAFTA, and both the Financial services modernizationn act (gramm-leach-bliley) of 1999 and Futures COmmodidty modernization act of 2000. But I definitely blame the republicans for inventing sponsoring all of these bills. You need to dig deeper and blame the fed, sec, justice depart, treasury, rating agencies
mediblue9 2 years ago
no no no no.
You've got it partly right. All these stuff you mention are important, but you fail to point out the ideology that interconnects them. And it is the 'progressive' communist creed that is permeating the whole system. Dems are 100% infected because that's their ideology.I admit some times republicans have shown addiction to big government, but their fundamental principles are correct. i.e. that politicians should go home and let the corporations/free market do the policy decisions.
11thsockpuppet 2 years ago
I hope you are joking or you just don't know your history. FDR didn't come in until 1933. Smoot-hawley, much like the fordney tariff, was signed in 1930 with A republican prez and republican controlled senate. They raised tariffs which killed foreign countries to repay their debts to the United states. I hope you know Hoover and the Republicans had left FDR with 25% unemployment!
mediblue9 2 years ago
I said what I think about the video-it is propaganda for an utopia that sounds good, but impossible to reproduce in reality. It's not the mere idea of protectionism that impoverished people in 1930s, but its inadequate application.
I never said free trade is something bad-it's a natural result of evolution, not from ideological revolution. But just as any other freedom, it cannot be on all cost and without any limitations.
denijane89 2 years ago
For example, is the ban on Monsanto products in Austria protectionism? To some extent-yes. However, it represents the opinion of the society that this product is unsafe for people and environment and they do not want it on their soil! What is more important-public safety or WTO quest for free trade?
No doubts both protectionism and free trade can be manipulated to serve different sides in a conflict. And as usual, the fairness is related to the particular case, not the principle as a whole.
denijane89 2 years ago
That sounds so much like a scientology propaganda. And I think it's not only the sound. Free trade is a myth and it will always be.
How about what Intel did to AMD-is this a free trade? They are both american companies, you can't say there is influence from the evil socialists or whatever. If free trade is a fundamental good, why companies use it to limit their rivals freedom? Or free trade is good when it's good for you and it's very bad, when it's bad for you? Absolute hypocrisy.
denijane89 2 years ago
A remarkably well-produced, enjoyable video given the subject matter. It's hard to make trade issues interesting, but this does.
ciwhitten 2 years ago
Well-done. Videos like this, supportive of free markets, should be more common.
nicmart 2 years ago
very nice!!!
motorhomediaries 2 years ago