Which statement best explains why the Great Depression spread throughout the world?(1 point) Responses Desperate governments tried to protect their economies from foreign competition and increased taxes on imports Desperate governments tried to protect their economies from foreign competition and increased taxes on imports Banks contiued to lend money to countries and individuals but it was not enough Banks contiued to lend money to countries and individuals but it was not enough Europe owed reparations to Germany, and when it couldn’t pay, Germany collapsed. Europe owed reparations to Germany, and when it couldn’t pay, Germany collapsed. High unemployment led people to lose faith in democracy and left many countries vulnerable to attack.
High unemployment led people to lose faith in democracy and left many countries vulnerable to attack.
you sure?
Apologies for the mistake. The correct statement explaining why the Great Depression spread throughout the world is: Desperate governments tried to protect their economies from foreign competition and increased taxes on imports.
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I apologize for the confusion. The statement that best explains why the Great Depression spread throughout the world is: Desperate governments tried to protect their economies from foreign competition and increased taxes on imports.
The statement that best explains why the Great Depression spread throughout the world is: "Desperate governments tried to protect their economies from foreign competition and increased taxes on imports." This statement highlights one of the key factors that contributed to the spread of the Great Depression.
To understand how this statement explains the spread of the Great Depression, let's break it down. During the Great Depression, many countries faced economic downturns and high unemployment rates. In an attempt to protect their economies and domestic industries, governments resorted to implementing protectionist measures, such as imposing higher tariffs and taxes on imported goods.
By increasing taxes on imports, these governments aimed to create a competitive advantage for their domestic industries and stimulate local consumption. However, this protectionist approach inadvertently led to a decrease in international trade and a decline in global economic activity.
The decrease in international trade had a detrimental impact on countries around the world because it disrupted global supply chains and reduced market opportunities. As a result, the economic downturn that originated in the United States during the late 1920s quickly spread to other parts of the world, amplifying the effects of the Great Depression.
Therefore, the desperate actions taken by governments to protect their economies from foreign competition and increased taxes on imports played a significant role in the global spread of the Great Depression.