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12 hours agoThere is good economic theory that Smoot Hawley actually was responsible for the initial bank failures that led to the Great Depression.
https://www.youtube.com/watch?v=JOvWS_xzRbc
Can skip to about 15 minutes into if ya want.
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I think you can make a very good argument that the Smoot Hawley tarrifs were the main cause of Great Depression