How did the Great Depression in the US affect the global economy?

A.

Reduced competition and low tariffs in the US invigorated other nations' economies.

B.

Low tariffs and low prices on goods in the US strengthened other nations' economies.

C.

High tariffs and bank collapse in the US weakened or damaged other nations' economies.

D.

The Great Depression in the US had little to no effect on most other nations' economies.

Question

Mollie Rowe

History

7 May, 13:45

How did the Great Depression in the US affect the global economy?

A.

Reduced competition and low tariffs in the US invigorated other nations' economies.

B.

Low tariffs and low prices on goods in the US strengthened other nations' economies.

C.

High tariffs and bank collapse in the US weakened or damaged other nations' economies.

D.

The Great Depression in the US had little to no effect on most other nations' economies.

+2

Answers (2)

Know the Answer?

Jacoby Mayo · Answer 1

C. The US was and is very big trading country and all of the country's that would normally get say corn from the US could no longer get it since we needed everything we produced

Capone · Answer 2

The Great Depression caused international trade credit to collapse. To protect exports, countries started raising tariffs and devaluing their currency. The gold standard decreased and in international trade countries began to swap goods instead of paying with currency.