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. The tariff raised duties on imports, which led to a decline in international trade and retaliatory tariffs from other countries, exacerbating the global economic downturn.
A)
Which action most contributed to an international economic crisis during the early years of
the Great Depression?
(1 point)
Congress passed the Smoot-Hawley tariff.
The United States stock market lost a great deal of its value.
The Federal Reserve sharply dropped interest rates.
European governments ended the use of the gold standard.
1 answer
1 answer