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Technology Stocks : All About Sun Microsystems
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To: cheryl williamson who wrote (59393)3/10/2004 9:43:50 PM
From: Peter O'Brien  Read Replies (2) of 64865
 
Hoover actually agreed to protectionist policies
(Smoot-Hawley tariff increases of 1930) which is
of similar to what the "outsourcing" critics
advocate today. When Hoover signed that bill into
law in June 1930, the stock market had actually
recovered quite a bit of its loss from 1929. After
June 1930, the stock market decline accelerated
sharply and continued unabated for 2 more years.

1929 Dow Jones:
theoptiontrader.com

1930 Dow Jones:
theoptiontrader.com

And, by the way, unemployment was still roughly
20% in the late 1930's (well into FDR's *second*
term).
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