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Which Republican economic medicine of the 1920s helped cause the sickness of depression during the 1930s?
increased tariffs
How did high U.S. tariffs affect the economy during the 1920s?
High U.S. tariffs during the 1920s, particularly the Fordney-McCumber Tariff of 1922, aimed to protect domestic industries by making imported goods more expensive. While this initially boosted American manufacturing and employment, it also led to retaliatory tariffs from other countries, which hindered international trade. The resulting trade imbalances contributed to economic isolationism and may have exacerbated the economic downturn that followed, culminating in the Great Depression. Ultimately, the high tariffs created a fragile economic environment reliant on domestic consumption.
During the 1920s European nations retaliated against US tariff hikes by increasing their own tariffs?
Tariffs are not that high in the USA during the 1920s. European countries had high tariffs as well, definitely compared to the pre-WW1 period, but this was mostly because of problems reestablishing the gold standard
What were the reasons for high tariffs in the 1920s?
If your asking why America made tariffs, then i think it was that America didn't want a whole lot of foreigners selling things in the U.S. and putting Americans out of their jobs. The tariffs made it so less people from other countries could impact the economy, then also the Americans would have more job opportunities.
When the German government increased the quantity of money in the German economy in the 1920s?
government experienced hyperinflation
Which Republican economic medicine of the 1920s helped cause the sickness of depression during the 1930s?
increased tariffs
What were the tariffs in the 1920s?
In the 1920s, the United States implemented the Fordney-McCumber Tariff Act of 1922, which raised tariffs on a wide range of imported goods to protect American industries. This act aimed to stimulate domestic production and safeguard American jobs by making foreign products more expensive for consumers. The high tariffs imposed during this period contributed to a decline in international trade and strained relationships with trading partners.
What raised tariffs at the beginning of the twenties?
At the beginning of the 1920s, tariffs were raised primarily due to the passage of the Fordney-McCumber Tariff Act of 1922, which aimed to protect American industries from foreign competition. The act significantly increased duties on imported goods, reflecting a broader trend of protectionism during this period. The intention was to boost domestic production and shield American jobs, especially following the economic disruptions of World War I. However, these high tariffs also contributed to tensions in international trade relations.
When congress raised tariffs in the 1920s and 1930s what happened?
LULA
What was business like in 1920s?
Business in the 1920's in the US saw a huge change that resulted into a bust of its economy. There were inventions and productions that increased the general income of the residents.
During the 1920s European nations retaliated against US tariff hikes by increasing their own tariffs?
Tariffs are not that high in the USA during the 1920s. European countries had high tariffs as well, definitely compared to the pre-WW1 period, but this was mostly because of problems reestablishing the gold standard
What method of transportation increased during the 1920s?
Automobiles
What resulted from Americans to have more free time during the 1920s?
because they are and were very smart
What changes occurred for blacks during the 1920s?
Positive changes resulted from the Harlem Renaissance.
What two factors influenced the limits on immigration?
Nativism and racism increased in the 1920s and led to changes in Immigration laws.
Key features of Republican administrations of the 1920s included?
isolationism and laissez-faire business policy
What was one result of the Fordney-McCumber Act?
One result of the Fordney-McCumber Act, enacted in 1922, was the significant increase in tariffs on imported goods, aimed at protecting American industries from foreign competition. This protectionist policy contributed to a rise in domestic production but also led to retaliatory tariffs from other countries, which strained international trade relations. Additionally, the act was part of a broader trend in the 1920s that favored isolationism and economic nationalism in the U.S.
