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What was one effect of Latin American tariffs on imports from other countries during the Great Depression?

Imports in Latin America increased.
Exports from Latin American increased.
Manufacturing in Latin America increased.
Unemployment in Latin America increased.

1 Answer

8 votes

Answer:

The reduced foreign demand for Latin American goods caused gold and foreign exchange to flow out of Latin America faster than they came in. Thus, internal deflation added to the impact of the collapse of exports. The collapse of exports led to a great fall in employment.

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User Rob Cooke
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