Global Free Logging Agreement

Bob Taylor rtaylor at ns.net
Wed Nov 3 10:27:47 EST 1999


Whatever.  The point being that ritual, simplistic finger-pointing at
"corporate entities" does not take one very far toward explaining the
Depression.

Ted Kegebein <kegebein at planttel.net> wrote in article
<381F8231.C5A83 at planttel.net>...
> 
> 
> Bob Taylor wrote:
> > 
> > >  You might want to read what Galbraith  wrote about the depression.
High
> > tariffs
> > > to protect local markets lead to inefficiencies. Smoot-Hawley did
more to
> > > prolong the 30's Depression here in the US than anything else. We
closed
> > our
> > > markets to protect our heavy industry in the north and other nations
> > closed
> > > their markets to primarily agricultural exports from the southern US.
The
> > > agricultural regions couldn't afford to upgrade technology by
purchasing
> > > equipment from the industrialized north, and the downward spiral
> > continued.
> > >
> > > This same issue was discussed at length, 1861-1865. History can teach
us
> > things.
> > >
> > It might be worth adding that the tight-money policy of the Hoover
> > administration enhanced the deflation already underway by the time of
the
> > stock market crash.
> 
> And, it could be added that FDR raised taxes, and thusly prolonged
> the Depression.
> 




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