What did the increased competition for foreign markets and the growing importance of domestic demand lead to in late nineteenth-century Europe?
A)The elimination of trade restrictions like tariffs
B)A strong reaction against free trade and imposition of steep protective tariffs by most nations
C)Greater economic instability and a sequence of ever deeper economic depressions
D)Closer economic cooperation among the great powers
E)Greater investment by the United States in the European economy

Question

Quizplus · Accepted Answer

The increased competition for foreign markets and the growing importance of domestic demand in late nineteenth-century Europe led to a strong reaction against free trade, resulting in the imposition of steep protective tariffs by most nations to protect their domestic industries.

What Did the Increased Competition for Foreign Markets and the Growing