What did countries do to protect their home markets as the economies began to slow?

1 answer:

4 0

According to my own knowledge , when the economics began to slow down e.g. In the Great Depression , countries began to send tariffs and quotas to other countries . This makes local food/goods seem cheaper than food/goods imported from other countries , so ppl. will tend to buy/consume local food/goods instead of those imported food/goods . Also , if countries send high tariffs and quotas to other countries , this might lower their initiative to export food/goods too . This will therefore protect those local homr markets .

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