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 correct answer that would complete the statement given above would be option D. All of the above. European countries defaulting on debt payments, international cut-throat competition and decreased sales for exporters like farmers, where the results from the rising tariffs during the 1920's when the European nations retaliated against U.S tariff hikes by increasing their own tariffs.