Here’s the sequence of events that led to the Great Depression based on the information provided:
- The Smoot-Hawley Tariff raised taxes on thousands of imports.
- America's trade partners raised taxes on American goods, shrinking international trade—the tariff angered America's foreign trade partners.
- Trade markets closed and the Great Depression worsened.
This order reflects how the tariff initiated a series of retaliatory actions that ultimately exacerbated the economic crisis.