What was the lasting effects if the cuban missle crisis

1 answer:

4 0

The greatest and longest lasting affect of the Cuban Missile Crisis was the US trade embargo of Cuba that was first enacted in 1958 and expanded many times during and before the Missile Crisis. The embargo still lasts to this day.

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Why is history open to ongoing and changing interpretations

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What was one of the effects of Mansa Musa’s pilgrimage to Mecca.

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The failure of foreign banks such as the Kredit-Anstalt Bank during the early 1930s can be partially attributed to the Smoot-Haw

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Answer:

B. caused a major reduction in international trade

Explanation:

The "Smooth-Hawley Tariff" was an act that was meant to alleviate the people and the economy from the "Great Depression." It raised the tariff of import goods. This was retaliated by other countries, which, in turn, also increased their tariff on US goods. So, this contributed to a decline of both import and export of goods, thereby reducing international trade.

Since it is the role of the bank to assist people when it comes to financial trading, the reduction of international trade greatly affected banking. This resulted to many bank failures, including the collapse of the Creditanstalt Bank (used to be the largest bank in Austria). Farm banks also began failing due to the collapse of the export market. The tariff made a significant change in the country's monetary system.

So, this explains the answer.

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