Proceed With Caution

Posted on 01/30/2017. Filed under: Uncategorized | Tags: Trump. Great Depression |

Smoot-Hawley, 1929

I’m seriously scared. Particularly with regards to the economy. The Smoot- Hawley Bill, called the The Tariff Act of 1930 raised tariffs on many imports in order to protect US workers. The tariffs were the highest in the country’s history with one small exception. This started a trade war and US trade was halved and is believed to have been a major contributor to causing the Great Depression. It seems that Trump is using the same playbook.

I was born in the late twenties so didn’t know anything but an economic depression until my teen years. Nothing moved for ten years. The economy was locked up, thousands of banks closed, savings were wiped out, many survived only because of make work government programs. Trump, be careful what you do to this country and the rest of the world.

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