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The stock market crash of October 1929 may have provoked a financial economic crisis, but it was trade protectionism and higher taxes which followed that turned the crash into the Great Depression.
(Archived document, may contain errors) ]EXPORTING CAPITALISM by SenaUw M Gr=m The United States cannot continue to be the world's chief underwriter of poverty. To do so is impractical and immoral; it wins no Eriends for America, no victories for democracy, and no opportunity fo r a brighter future for the undeveloped countries of the world. Succinctly, the problem with our foreign development efforts has been our unwillingness to send abroad that which is the basis of prosperity in our own country: the free market idea.
(Archived document, may contain errors) 653 June 1,1988 RETHINKING U.S. FOREIGN AID INTRODUCTION The United States gives away some $15 bi llion in foreign aid every year, about eight times the sum appropriated annually for its food welfare program for Women, Infants and Children WIC) and four times that for the Strategic Defense Initiative. Much of this foreign aid goes to support avowed ad versaries of the U.S. and hostile "nonaligned nations.