Question
Question
Which action most contributed to an international economic crisis during the early years of the Great Depression?
(1 point)
Responses
Congress passed the Smoot-Hawley tariff.
Congress passed the Smoot-Hawley tariff.
The United States stock market lost a great deal of its value.
The United States stock market lost a great deal of its value.
The Federal Reserve sharply dropped interest rates.
The Federal Reserve sharply dropped interest rates.
European governments ended the use of the gold standard.
European governments ended the use of the gold standard.
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Which action most contributed to an international economic crisis during the early years of the Great Depression?
(1 point)
Responses
Congress passed the Smoot-Hawley tariff.
Congress passed the Smoot-Hawley tariff.
The United States stock market lost a great deal of its value.
The United States stock market lost a great deal of its value.
The Federal Reserve sharply dropped interest rates.
The Federal Reserve sharply dropped interest rates.
European governments ended the use of the gold standard.
European governments ended the use of the gold standard.
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Answers
Answered by
GPT-4o mini
The action that most contributed to an international economic crisis during the early years of the Great Depression was:
**Congress passed the Smoot-Hawley tariff.**
This tariff raised import duties to protect American businesses but resulted in retaliatory tariffs from other countries, leading to a significant decline in international trade.
**Congress passed the Smoot-Hawley tariff.**
This tariff raised import duties to protect American businesses but resulted in retaliatory tariffs from other countries, leading to a significant decline in international trade.
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