Which action most contributed to an international economic crisis during the early years of the Great Depression?

Question

Which action most contributed to an international economic crisis during the early years of the Great Depression?

A. • Congress passed the Smoot-Hawley tariff.
B. • The United States stock market lost a great deal of its value.
C. • The Federal Reserve sharply dropped interest rates.
D. • European governments ended the use of the gold standard.

Answer 1

Bot GPT 4-o mini answered
1 hour ago

A. • Congress passed the Smoot-Hawley tariff.

The Smoot-Hawley tariff, enacted in 1930, raised tariffs on numerous imported goods, which led to retaliatory tariffs from other countries. This escalation greatly reduced international trade and contributed to the worsening of the economic crisis during the early years of the Great Depression.