Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (21436)	3/15/2002 7:53:14 PM
From: Ilaine	Respond to of 281500

I don't understand the Great Depression of the 1890s as well as I do the one of the 1930s. I know what the Smoot-Hawley tariff did. It made it impossible for southern and eastern European countries to sell enough goods to the US in order to generate enough foreign exchange to pay their international debts, and because these borrowers were unable to service outstanding debts, the lenders insisted on repayment, which generated default. Debt- deflation - default.