Question

Refer to the chart and use the drop-down menu to complete each statement. according to the chart, the largest decline in foreign trade occurred in . the greatest increase in unemployment between 1929 and 1932 occurred in . according to the chart, was least affected by the great depression.

Answer 1

The largest decline in foreign trade during the Great Depression happened in the U.S., with world trade falling over 40% due to the Hawley-Smoot Tariff Act. The U.S. also experienced the greatest rise in unemployment, reaching 25% by 1933. Britain was comparatively least affected by the depression.

Step-by-step explanation:

The Great Depression had a profound impact on foreign trade and employment rates across the globe. In the United States, the largest decline in foreign trade can be attributed to the effects of the Hawley-Smoot Tariff Act, which led to world trade falling by more than 40%. The greatest increase in unemployment occurred in America, where the unemployment rate jumped from 3% in 1929 to 25% by 1933. It is suggested that Britain was least affected by the Great Depression comparatively because the dip was not as painful as in the United States, and they had a history of a stagnant economy in the 1920s which didn't experience a drastic change during the Great Depression.

Answer 2

The greatest decline in foreign trade during the Great Depression was a consequence of the Hawley-Smoot Tariff Act, with U.S. experiencing the most significant increase in unemployment. Britain was least affected due to prior economic conditions.

Step-by-step explanation:

The largest decline in foreign trade during the Great Depression occurred due to the Hawley-Smoot Tariff Act, which raised U.S. tariffs to historically high levels and prompted retaliatory tariffs from other countries, causing world trade to fall by more than forty percent.

The greatest increase in unemployment between 1929 and 1932 occurred in the United States, where the unemployment rate jumped from three percent in 1929 to 25 percent by 1933.

Britain was least affected by the Great Depression comparatively, as it had already been experiencing economic stagnation in the 1920s, so the depression's impact, though still significant, did not represent as sharp a decline.