What role did tariffs play in the Great Depression?

A. They were the principal cause of the economic downturn.
B. They had no discernible impact on the Depression.
C. They worsened it by further decreasing trade.

Tariffs played a significant role in exacerbating the Great Depression by triggering a global decline in trade. The Smoot-Hawley Tariff Act of 1930 raised tariffs on imports, leading to retaliatory measures and a sharp reduction in world trade, worsening the economic crisis. Protectionist tariffs led to a cycle of retaliatory tariffs, hindering international commerce.

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What role did tariffs play in the Great Depression?A. They were the principal cause of the economic downturn.B. They had no discernible impact on the Depression.C. They worsened it by further decreasing trade.

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What role did tariffs play in the Great Depression?

A. They were the principal cause of the economic downturn.
B. They had no discernible impact on the Depression.
C. They worsened it by further decreasing trade.