History The Great Depression Questions
The decline in international cooperation during the Great Depression was primarily caused by economic nationalism and protectionist policies adopted by many countries. These policies aimed to protect domestic industries and jobs by imposing high tariffs and trade barriers, which led to a decrease in international trade and cooperation.
The effects of this decline in international cooperation were significant. Firstly, it worsened the economic downturn as countries became more isolated and unable to access foreign markets. This led to a decrease in global trade, which further deepened the economic crisis.
Secondly, it strained diplomatic relations between nations. As countries implemented protectionist measures, tensions rose, and trade disputes escalated. This hindered diplomatic efforts and cooperation on other global issues.
Thirdly, the decline in international cooperation also weakened international institutions such as the League of Nations, which was unable to effectively address the economic crisis due to the lack of cooperation among member states.
Overall, the decline in international cooperation during the Great Depression exacerbated the economic crisis, strained diplomatic relations, and weakened global institutions, contributing to the severity and duration of the Great Depression.