Question

During the 1920s, European nations retaliated against U.S. tariff hikes by increasing their own tariffs. Rising tariffs resulted in __________.Select one of the options below as your answer: A. European countries defaulting on debt payments B. international cut-throat competition C. decreased sales for exporters like farmers D. all of the above

Answer 1

The right answer for the question that is being asked and shown above is that: "D. all of the above." During the 1920s, European nations retaliated against U.S. tariff hikes by increasing their own tariffs. Rising tariffs resulted in European countries defaulting on debt payments, international cut-throat competition and decreased sales for exporters like farmers