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How did tariff's nagatively affect the global economy during the great depression?
During the Great Depression, tariffs, such as the Smoot-Hawley Tariff of 1930, raised import duties to protect domestic industries but inadvertently stifled international trade. Countries retaliated with their own tariffs, leading to a sharp decline in global commerce and exacerbating economic downturns worldwide. This trade contraction deepened financial instability, increased unemployment, and hindered recovery efforts, ultimately prolonging the economic crisis. The resulting isolationism further fragmented the global economy, making recovery more challenging.
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How will the depression in the global economy affect the strategic planning in the organization?
How will the depression in the global economy affect the strategic planning in the organisation?
How did the panic of 1837 affect the economy?
the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.
In what way did the Smoot-Hawley Tariff of 1930 affect the U.S. economy?
The Smoot-Hawley Tariff of 1930 significantly raised tariffs on hundreds of imported goods, aiming to protect American industries during the Great Depression. However, it led to retaliatory tariffs from other countries, resulting in a steep decline in international trade. This exacerbated the economic downturn, contributing to widespread unemployment and further deepening the economic crisis. Ultimately, the tariff is often criticized for worsening the Great Depression rather than aiding recovery.
How does the marketing affect the economy?
how does affect the all economy
How gatt affect the Philippine economy?
The General Agreement on Tariffs and Trade (GATT) has significantly influenced the Philippine economy by promoting trade liberalization and reducing tariffs, which has encouraged exports and foreign investment. This increased access to international markets has supported the growth of various sectors, such as agriculture and manufacturing. However, it has also exposed local industries to foreign competition, which can challenge domestic producers. Overall, GATT has played a crucial role in integrating the Philippines into the global economy.
What affect did the protective tariffs have on the American economy?
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
How will the depression in the global economy affect the strategic planning in the organization?
How will the depression in the global economy affect the strategic planning in the organisation?
How did affect the Great Depression affect the world economy?
the factory where close but the men that work on the job fail to complete the economy
How did World War 2 affect the American economy?
it helped pull us out of the great depression.
How did Frank D Roosevelt affect the US politically?
He improved the economy and got us out of the Great Depression.
How did the Great Depression affect India?
The Great Depression had a terrible impact on India. The economy was devastated, farmers couldn't keep their farms afloat, and there were multiple riots.
How did the panic of 1837 affect the economy?
the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.
Did the Great Depression affect papermaking?
While the Great Depression of the 1930s severely hurt other industries, it did not affect the pulp and paper industry as much since paper was being used in new ways throughout the economy
In what way did the Smoot-Hawley Tariff of 1930 affect the U.S. economy?
The Smoot-Hawley Tariff of 1930 significantly raised tariffs on hundreds of imported goods, aiming to protect American industries during the Great Depression. However, it led to retaliatory tariffs from other countries, resulting in a steep decline in international trade. This exacerbated the economic downturn, contributing to widespread unemployment and further deepening the economic crisis. Ultimately, the tariff is often criticized for worsening the Great Depression rather than aiding recovery.
How did Jacksons Specie Circular of 1836 affect the economy of the us?
contributed to the great depression It contributed to the depression of 1837.
How did the great depression affect Europe and Asia?
It strengthened them because people felt a stronger government could improve the economy.
Did Herbert Hoover lead the nation out of the Great Depression?
Hoover was alive during the great depression. He was rich enough that it did not personally affect his way of life.
