Question

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Which action most contributed to an international economic crisis during the early years of the Great Depression?
A. Congress passed the Smoot-Hawley tariff.

B. The United States stock market lost a great deal of its value.

C. The Federal Reserve sharply dropped interest rates.

D. European governments ended the use of the gold standard.

Answer 1

The answer is A. Congress passed the Smoot-Hawley tariff.

Step-by-step explanation:

Answer 2

The answer is B. The United States stock market lost a great deal of its value.

Step-by-step explanation:

The most contributing reason for the great depression was the stock market crash or the wall street crash in 1929.

During this time, the stock market nearly lost $30 billion in its market value, which is nearly $400 billion if we adjust it for today's values.

The main reasons for the stock market crash were majorly the weaknesses in the economy as a whole. They were,

• low wages
• the proliferation of debt
• a struggling agricultural sector
• excess of large bank loans that could not be liquidated