the collapse of the international economy between the two world wars has been blamed in part on countries' imposing prohibitive tariffs, quotas, and other trade barriers on imported goods. trading and investment opportunities for international businesses dried up. by raising tariff and quota barriers, each nation believed that it could help its own industries and citizens, even though in doing so it might harm the citizens and industries of other countries. for example, in 1930 the united states sought to protect domestic industries from import competition by raising tariffs to an average of 53 percent.
however,as other countries, such as the united kingdom,italy,and france, constructed similarly high tariff wall, the cumulative effect was that each country was worse off rather than better off. as international trade declined, all suffered from the contraction of export markets.
the collapse of the international economy between the two world wars has been blamed in part on countries' imposing prohibitive tariffs, quotas, and other trade barriers on imported goods. trading and investment opportunities for international businesses dried up. by raising tariff and quota barriers, each nation believed that it could help its own industries and citizens, even though in doing so it might harm the citizens and industries of other countries. for example, in 1930 the united states sought to protect domestic industries from import competition by raising tariffs to an average of 53 percent.
however,as other countries, such as the united kingdom,italy,and france, constructed similarly high tariff wall, the cumulative effect was that each country was worse off rather than better off. as international trade declined, all suffered from the contraction of export markets.
การแปล กรุณารอสักครู่..