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After the Great Depression, the USA adopted _________  in order to protect local employment opportunities through reducing the amount of imports.*

Question

After the Great Depression, the USA adopted _________

in order to protect local employment opportunities through reducing the amount of imports.

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Solution

After the Great Depression, the USA adopted protectionist policies in order to protect local employment opportunities through reducing the amount of imports.

These policies included the implementation of tariffs, which are taxes imposed on imported goods, making foreign products more expensive and less competitive compared to domestic products. Additionally, the government sought to promote American-made goods through various means, including subsidies to local industries, import quotas, and other regulations designed to limit foreign competition.

One of the most significant pieces of legislation during this time was the Smoot-Hawley Tariff Act of 1930, which raised tariffs on hundreds of imports. Although these measures aimed to protect jobs and stimulate the economy, they often had counterproductive effects, such as retaliation from other countries that led to a decrease in international trade. Thus, while protectionism intended to safeguard domestic employment, it also contributed to global economic tensions during the interwar period.

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