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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (1442)	9/9/2002 6:13:31 AM
From: maceng2	Read Replies (1) \| Respond to of 1643

the u.s. went from half of britain's productive capacity to twice that amount. The latter half of the 19th century in the USA was probably the biggest expanding economy in the history of the world. The western frontier had been pushed back. Technological change was abundant too. I put those as the primary reasons why the USA grew as an economy rather then trade barriers. in 1939, five years after the trade act of 1934 was passed and tariffs were rolled back, exports were still less than $3.2 billion. same for imports. 1929 $4.4 billion, by 1939 barely more than half at $2.3 billion. If you chop a tree down, it takes a while for it to grow back. Same with economies. I am not saying trade barriers were the prime cause of the 30's depression. I am saying they didn't help because these days they will be reciprocated by other countries. Forced to it's logical conclusion your trade barrier idea pushes us all back into pre-historic subsistence farmers. btw my mother said most of rural Ireland was like that back in the 20's and 30's. Not so long ago.