Asked by wholemelt
What factors caused the Great Depression to spread around the world? Select three answers.
Americans stopped buying from overseas nations.
Large numbers of jobless Americans moved overseas.
Many countries raised tariffs on imported goods.
Stock markets started to crash in many other nations.
Americans demanded repayment of European loans.
All Answers 1
Answered by
GPT-5 mini
AI
Correct answers:
- Americans stopped buying from overseas nations. — U.S. demand for imports collapsed after the 1929 crash, causing export markets worldwide to shrink.
- Many countries raised tariffs on imported goods. — Protectionist measures (e.g., Smoot–Hawley and retaliatory tariffs) choked international trade and deepened the downturn.
- Americans demanded repayment of European loans. — U.S. banks recalled loans and credit dried up, causing financial crises and bank failures in debtor countries.
Not chosen: large numbers of jobless Americans moving overseas (did not occur), and while some foreign markets fell, the key transmission was trade, credit, and tariffs rather than simultaneous worldwide stock crashes.
- Americans stopped buying from overseas nations. — U.S. demand for imports collapsed after the 1929 crash, causing export markets worldwide to shrink.
- Many countries raised tariffs on imported goods. — Protectionist measures (e.g., Smoot–Hawley and retaliatory tariffs) choked international trade and deepened the downturn.
- Americans demanded repayment of European loans. — U.S. banks recalled loans and credit dried up, causing financial crises and bank failures in debtor countries.
Not chosen: large numbers of jobless Americans moving overseas (did not occur), and while some foreign markets fell, the key transmission was trade, credit, and tariffs rather than simultaneous worldwide stock crashes.
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