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Continue Learning about Economics
How did the high tariffs damage the US Economy?
By angering foreign trade partners
How did high tariff damage the us economy?
By angering foreign trade partners
What caused damage to the US economy in the late 1920's?
a shortage of workers
During the 1920s European nations retaliated against US tariff hikes by increasing their own tariffs?
Tariffs are not that high in the USA during the 1920s. European countries had high tariffs as well, definitely compared to the pre-WW1 period, but this was mostly because of problems reestablishing the gold standard
How was the us economy in the 1970's?
It was very high?
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