World trade declined in the 1930s. Which of the following is the best explanation of that decline?
A) World income shrank, and trade restrictions increased.
B) World income shrank, but there were few changes in trade restrictions.
C) Trade restrictions increased, but there was little change in world income.
D) The incomes of most nations increased, allowing them to become more self-sufficient.

Question

Quizplus · Accepted Answer

World trade declined in the 1930s primarily due to the Great Depression, which caused a significant shrinkage in world income, and the implementation of protectionist trade policies, such as tariffs, which further restricted international trade.

World Trade Declined in the 1930s