Which of the following reasons contributed to the Great Depression of the 1930s?
A)Inability to meet the increasing world demand for products
B)Several countries accepting the General Agreement on Tariffs and Trade
C)Increasing attack from foreign competitors on domestic industries
D)Privatization of state-owned organizations
E)Countries progressively raising trade barriers against each other

Question

Quizplus · Accepted Answer

Countries progressively raising trade barriers against each other, such as through the Smoot-Hawley Tariff Act, contributed to a decrease in international trade and worsening of the worldwide economic downturn during the Great Depression.

Which of the Following Reasons Contributed to the Great Depression