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The protectionism of the 1930s involved high tariffs being placed on imported goods by many countries in Europe, and the USA. This was mainly because of the Great Depression, which caused USA's loans to other European countries to dry out. Instead, the USA began demanding for the repayment of these loans. As a result, many countries recoiled and began to encourage people to buy local products, through high tax rates on imported goods and making it much more unaffordable as compared to local goods.

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Q: What are the protectionism in 1930s?
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