Question

Which of the following is most likely the reason that nations raised tariffs on imports during the Great Depression?

a. They wanted to help other nations profit from trade.
b. They wanted to terminate all trade with other nations.
c. They wanted to increase sales of their own products.
d. They wanted to encourage more profitable imports.

Answer 1

There were several reasons why the nations raised tariffs on imports during the Great Depression. One of the biggest reasons was they wanted to increase the sales of their own products. 

Answer 2

Answer;

C. They wanted to increase sales of their own products.

Explanation;

• The Great depression was a global economic depression that occurred in 1930's. The depression started in the US, and caused drastic declines in output, acute deflation and also severe unemployment among other effects.

• The Great depression was worsened by protectionism rise all over the world, where trade between countries was restrained through methods such as tariffs on imported goods, restrictive quotas among other government regulations.

• For example The Tariff Act of 1930,raised U.S. tariffs on over 20,000 imported goods. This made other nations to impose tariffs on American-made goods in retaliation, which reduced the international trade and also worsened the great depression.