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- International commerce declined quickly.
- There was a sharp reduction in tax revenues, profits and personal incomes.
- It affected both countries that exported raw materials and industrialized countries. It led to a sharp decrease in world trade as each country tried to protect their own industries and products by raising tariffs on imports.
- Some nations changed their heads and their type of government.
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Earn +20 ptsQ: Two effects of the Great Depression?
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Continue Learning about General History
The recovery period from the effects of the great depression ended in which year?
1940
What industry had Carbon Hill depended on making it extra vulnerable to the effects of the Great Depression?
agriculture
Did Theodore Roosevelt stop the Great Depression?
no, Franklin D. Roosevelt stopped the Great Depression. I can see how you got the two mixed up
Which President enacted a series of legislation to help alleviate the effects of the Great Depression?
Franklin D. Roosevelt
What condition increased the negative effects of the great depression?
Factories had to decrease production because of low demand.
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