which action most contributed to an international economic crisis during the early years of the great…

which action most contributed to an international economic crisis during the early years of the great depression?\n(1 point)\n○ congress passed the smoot - hawley tariff.\n○ the united states stock market lost a great deal of its value.\n○ the federal reserve sharply dropped interest rates.\n○ european governments ended the use of the gold standard.

which action most contributed to an international economic crisis during the early years of the great depression?\n(1 point)\n○ congress passed the smoot - hawley tariff.\n○ the united states stock market lost a great deal of its value.\n○ the federal reserve sharply dropped interest rates.\n○ european governments ended the use of the gold standard.

Answer

Brief Explanations:

The Smoot - Hawley tariff was a highly protectionist measure. It raised U.S. tariffs on thousands of imported goods. Other countries retaliated with their own tariffs. This led to a significant decline in international trade. Reduced trade is a major factor in an international economic crisis as it affects production, employment, and economic growth across countries. The stock market crash was a domestic (U.S.) event that triggered the Great Depression but was not an international action in the same sense as the tariff. The Federal Reserve dropping interest rates was a domestic monetary policy response. European governments ending the gold standard was a later response to the economic crisis rather than a cause of the early - stage international economic crisis.

Answer:

Congress passed the Smoot - Hawley tariff.