the gnp dropped 1.5 percent from 1929 to 1932.
the gnp dropped 1.5 percent from 1929 to 1932.
how much did the gnp drop from 1929 to 1932?
1.5 percent
in a 1995 survey of american economic historians, two-thirds agreed that the smoot-hawley tariff act at least worsened the great depression. however, many economists believe that the smoot-hawley tariff act was not a major contributor to the great depression. economist paul krugman holds that, "where protectionism really mattered was in preventing a recovery in trade when production recovered". he cites a report by barry eichengreen and douglas irwin: figure 1 in that report shows trade and production dropping together from 1929 to 1932, but production increasing faster than trade from 1932 to 1937. the authors argue that adherence to the gold standard forced many countries to resort to tariffs, when instead they should have devalued their currencies. peter temin argues that contrary the popular argument, the contractionary effect of the tariff was small. he notes that exports were 7 percent of gnp in 1929, they fell by 1.5 percent of 1929 gnp in the next two years and the fall was offset by the increase in domestic demand from tariff.
causes of the great depression
bullet::::- "rené touzet and his orchestra play for dancing at the crescendo on the world famous sunset strip" (gnp-40, 1959)









































bullet::::- "touzet too much!" (gnp-49, 1960)









































bullet::::- "the timeless ones a la touzet" (gnp-52, 1961)









































bullet::::- "la pachanga" (gnp-57, 1961)









































bullet::::- "pachanga differente!" (gnp-61, 1961)









































bullet::::- "greatest latin hits!" (gnp-74, 1962) compilation









































bullet::::- "touzet goes to the movies" (gnp-81, 1962)









































bullet::::- "bossa nova! brazil to hollywood" (gnp-87, 1963)









































bullet::::- "the best of rené touzet and his orchestra" (gnps-2000, 1964) compilation









































section::::selected discography.:seeco reords.









































bullet::::- "beso de fuego" (7212 a, 19??)









































bullet::::- "hijo mio" (7212 b, 19??)
rené touzet