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Article: Investment during the great depression: uncertainty and the role of the Smoot-Hawley tariff.
- Article from:
- Southern Economic Journal
- Article date:
- April 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Southern Economic Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Industry and commerce are now in many instances unable to conclude their plans and many programs of development are waiting or threatened with abandonment, while party politics, bloc politics, personal politics and sectional politics are maneuvering for this or that advantage or to avenge this or that defeat or embarrass this or that political personality.
The House of Representatives has performed its duty. Why cannot the Senate act or frankly acknowledge its incapacity to legislate and let the country know the conditions to which our slowing economic machine must adjust itself to move forward?
John E. Edgerton President, National Association of Manufacturers ...