The railroad boosted the economic status of the USA the transportation of raw materials and manufactured good to and from industries became faster and easier after the completion of the railroad
It was the "Smoot–Hawley Tariff Act" that was a disaster because when European nations responded with tariffs on American goods global trade plunged by roughly two thirds
<span> from 1929 levels.</span> This was viewed as exacerbating the Great Depression.
Answer:
How did the Great Depression affect the economy?
How did the Great Depression affect the American economy? In the United States, where the Depression was generally worst, industrial production between 1929 and 1933 fell by nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent. The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits, and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries as high as 33%. The key factor in turning national economic difficulties into worldwide Depression seems to have been a lack of international coordination as most governments and financial institutions turned inwards. ... The Depression caused the United States to retreat further into its post-World War I isolationism.
Explanation:
