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23 votes
23 votes
Which diagram best describes one cause of the Great Depression?

The government lent caused Businesses defaulted on
their loans, costing the
OA.
money to finance
reconstruction projects.
government revenue.
caused
Farmers could
B.
The federal government
ended its program of
assistance to farmers.
not afford to
buy supplies.
Small entrepreneurs
C.
Businesses grew larger
due to the government's
policy of laissez-faire.
could not afford to
compete.
The government
set high tariffs on
imported goods.
Trade with other
nations declined.
D.
caused
caused

Which diagram best describes one cause of the Great Depression? The government lent-example-1
User Jeremy Banks
by
2.9k points

2 Answers

14 votes
14 votes

Answer:

C

Step-by-step explanation:

Businesses grew larger due to the government's policy of laissez faire. could not afford to complete.the government set high tariffs on imported goods. Trade with other nations decline

User Waseem Sarwar
by
2.9k points
17 votes
17 votes

The diagram that best represents one cause of the Great Depression is D, which explains how government tariffs on imports led to a decline in international trade, contributing to the economic downturn. Therefore, option D is correct.

The diagram that best describes one cause of the Great Depression is:

D. The government set high tariffs on imported goods. - caused - Trade with other nations declined.

This is supported by the historical fact that, in 1930, Congress passed the Hawley-Smoot Tariff Act. Originally intended to protect American farmers and manufacturers from foreign competition, it backfired by worsening unemployment in industries that relied on export, as foreign markets could no longer afford American goods.

The retaliatory tariffs raised by European countries further decreased international trade, contributing to global economic strife. Indeed, world trade fell by more than 40%, exacerbating the severe downturn of the domestic and international economy and fueling the conditions that led to the Great Depression.

User Tiago Stapenhorst
by
3.3k points