What was one effect of the US protectionism policy after World War I?
A. inflation in Europe and Asian countries
B. higher taxes on foreign imports
C. deflation in the United States
D. increased migration to the United States
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Answer:
After the war the U.S. promoted the General Agreement on Tariffs and Trade (GATT) established in 1947, to minimize tariffs and other restrictions, and to liberalize trade among all capitalist countries.
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Answer: higher taxes on foreign imports
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