In an effort to get out of its economic worries, Great Britain did two things that instead proved economically fatal. What were they? Select all that apply.

Question

Belinda Rosales

History

7 September, 15:48

In an effort to get out of its economic worries, Great Britain did two things that instead proved economically fatal. What were they? Select all that apply.

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Answers (2)

Know the Answer?

Santino Strong · Answer 1

a) Increased Taxes

b) Tariffs

Tariffs are taxes, which form a wedge between the price spent by buyers of imported goods and the one foreign sellers get. Narrow tariffs directed at particular products, such as cars, push consumers towards home-made goods and aside from imports, they might otherwise prefer. (Broader tariffs including a large share of imports are more complex, as exchange rates can move to offset some of their effects.

Elian Gordon · Answer 2

the correct answers are "raised tariffs" and "raised taxes.

Because of the Great Depression, the government was eager to recover economically and set these two things as a manner to do so. But instead, the purchasing power has diminished and many entrepreneurs felt discouraged to start a business and beget more job opportunities for the population.