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RE: What caused the 1930's Great Depression, was it monetary policy or was it trade?

in #busy6 years ago

Doesn't the percentage of your economy dependent on trade affect things? What was the USA's trade as a share of GDP back in the 1930's?

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Well, the great inter-state system wasn't built till the 1950's so I expect that the coastal states did more foreign trade before than than bought stuff from the American interior.

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