Why did tariffs play a critical role in deepening the Great Depression?(1 point)

Question

Responses

They led to a decline in global trade.
They led to a decline in global trade.

They led to communist practices.
They led to communist practices.

They led to a decreased cost of goods.
They led to a decreased cost of goods.

They led to massive trade deficits.

Answer 1

The correct response is: They led to a decline in global trade.

Tariffs, such as the Hawley-Smoot Tariff enacted in the U.S. in 1930, raised duties on imports and led to retaliatory measures from other countries. This action significantly reduced international trade, contributing to the economic downturn and deepening the Great Depression.