|The Great Depression hit Sera the hardest in 1933 as well as in all of your countries. After the World War I occurred the Great Depression became a great problem for all of us. A big question that is asked is what was the greatest cause of this Depression? The answer to this question is Protectionism. Although it is not the only cause, protectionism is the greatest contributing cause.
Protectionism is government actions and policies that restrict or restrain international trade, often done with the intent of protecting local businesses and jobs from foreign competition. Examples of protectionism can be seen through many ways including: import tariffs, quotas, subsidies or tax cuts to local businesses, and direct state intervention. These are examples of protectionism because they all fall under the definition. Import tariffs were part of protectionism because the government put these tariffs on the imports and exports. These tariffs discouraged foreign trade internationally. With these different examples restrained international trade thus forming mixed feelings between the different nations.
These mixed feelings turned push to shove with the problems already arisen such as the rising nationalism in the European countries and the forming alliances. The discouragement of international trade was the final straw because the alliances and angered leaders found a reason to turn their misfit feelings to aggressive actions hence WWI. WWI dropped all of these nations into the Great Depression bringing all of its problems along with it.
The Great Depression dropped the world economy into the worst times it had seen. With great recessions spreading throughout all of the world international trade was once again highly discouraged. With protectionism being the greatest cause of the Great Depression the effects of the Great Depression left the world economy in a state seen during the time of protectionism during the 1930’s.
From import tariffs to WWI actions, protectionism led to WWI becoming the biggest cause of the Great Depression.