The 1930 Government CONTROIS Follow the FAILURE of Normalcy 1930-1939

摘要

During the late afternoon of October 29, 1929, the zip of the jazz era began to slip away into the overarching gloom of the Great Depression. The worst day in a series of stock sell offs that autumn, Black Tuesday's plunge was just one point in a cascading systemic global economic failure. Following the stock market crash, the Hoover administration and the Republican-led Congress pursued various remedies to shore up American industries that ultimately made things worse. The protectionist Smoot-Hawley Tariff Bill of 1930, passed over the opposition of many leading Republicans, raised the prices of most imported good into the U.S. and led to reciprocal tariffs worldwide that effectively shut the door on American exports. That in turn led to even greater stock sell offs and further declines in industrial demand. As the dust