History The Great Depression Questions
The Great Depression had a significant impact on international trade. As the global economy contracted, countries implemented protectionist measures such as imposing high tariffs and trade barriers to protect their domestic industries. This led to a sharp decline in international trade as countries prioritized their own economic recovery over global trade. Additionally, the collapse of the global financial system and the decrease in consumer demand resulted in a decrease in exports and imports, further reducing international trade. Overall, the Great Depression severely disrupted and contracted international trade, exacerbating the economic downturn.