I just bought a full size 94 Bronco with a 351 V8 3 days ago. I drove it around a few times and everything was working fine mechanically. I even put it in 4x4 to drive in the snow. Today, I put it in 4x4 and forgot to take it off 4x4 when I got out of the snow and ice. I drove in semi wet road at speed under 50 mph for about under 10 miles and notice a severe squeal and smoke came out under the hood. The coolant, oil, atf wasn't leaking and didn't leak when I drove it around before and left it park overnight. I stopped using the 4x4 on the way home and the noise is still there but only when I come to a stop and it goes away when I apply gas. The smoke is gone. The 4x4 still works because I had to put it in 4x4 when get up my driveway.
Upon looking under the hood, it seems the noise is coming from the pulley closest to the battery bay driving a belt. The sound is like a severe squeak like when a bicycle chain makes when it is bone dry, except this is louder and faster. Again, it goes away when I apply the gas.
Did I hurt my 4x4 by leaving it on too long. I know it can decrease the life span of 4x4 if I do it all the time but this was only for under 10 miles and the road was semi wet. from all the snow and rain we had.
Additionally, should I bring it to Peps Boy and have it look at. My mechanic friend is about 90 miles away and I don't want to drive that far when it can do more damage to the vehicle.
Help me out.
The noise seems to come from the pulley show in the picture.
Upon looking under the hood, it seems the noise is coming from the pulley closest to the battery bay driving a belt. The sound is like a severe squeak like when a bicycle chain makes when it is bone dry, except this is louder and faster. Again, it goes away when I apply the gas.
Did I hurt my 4x4 by leaving it on too long. I know it can decrease the life span of 4x4 if I do it all the time but this was only for under 10 miles and the road was semi wet. from all the snow and rain we had.
Additionally, should I bring it to Peps Boy and have it look at. My mechanic friend is about 90 miles away and I don't want to drive that far when it can do more damage to the vehicle.
Help me out.

The noise seems to come from the pulley show in the picture.