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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (1427)8/20/2002 8:11:02 AM
From: maceng2  Read Replies (2) of 1643
 
i'd love to hear the explanation.

The link between the HS act and the depression is intuitive in respect to the fact that the USA exported most of it's manufactured goods in 1930. Trade barriers would not help those exports. There is also evidence that when the HS act went into force the unemployment shot up from 6% to 17%

Looking at this graph
friesian.com

Within a year American trade had fallen more than 50% and unemployment had jumped from 6% to 17%.

from this link
friesian.com

by explaining to you how your prime minister took england off the gold standard the following year and caused a massive run on american gold

I am most interested in your views regarding the British move away from the gold standard. It' is an issue hotly discussed here. The general view of the gold standard is it caused the country many economic problems. My contention is that is only because some fools tried to enforce the value of stirling to pre war (WW1) standards. i.e. as if WW1 never happened.

.... it only takes a few facts to expose how ludicrous the claim is.

OK, I'm listening...lets hear um.
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