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? (1 point) congress passed the smoot - hawley tariff. the united states stock market lost a great deal of its value. the federal reserve sharply dropped interest rates. 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? (1 point) congress passed the smoot - hawley tariff. the united states stock market lost a great deal of its value. the federal reserve sharply dropped interest rates. european governments ended the use of the gold standard.

Answer

Brief Explanations:

The Smoot - Hawley tariff passed by Congress in 1930 raised U.S. tariffs on thousands of imported goods. This led to retaliatory tariffs from other countries, severely reducing international trade and worsening the global economic situation during the early Great Depression. The stock - market crash was a domestic event that triggered the Depression in the U.S., the Fed's interest - rate drop was an attempt to mitigate the crisis, and the end of the gold standard by European governments was a later response to the economic turmoil.

Answer:

Congress passed the Smoot - Hawley tariff.