How did tariffs negatively affect the global economy during the Great Depression?

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History

Kristin Hughes

22 December, 07:37

How did tariffs negatively affect the global economy during the Great Depression?

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Ivy Pittman · Answer 1

The main way in which tariffs negatively affected the global economy during the Great Depression was that they discouraged trade between nations, which inevitably led to a worldwide decrease in GDP since export suffered.