Which of the following characterizes the impact of United States foreign economic policy during the 1920s? it led to increased tariffs and trade barriers, contributing to a decline in international trade. it focused on isolationism, resulting in limited engagement in international trade and affairs. it prioritized global cooperation and free trade agreements leading to economic prosperity and stability worldwide. it favored economic imperialism leading to increased intervention in foreign markets and exploitation of resources in other countries

The correct answer is: it led to increased tariffs and trade barriers, contributing to a decline in international trade.<br /><br />During the 1920s, the United States pursued a foreign economic policy characterized by protectionism and the imposition of high tariffs. This approach, known as the Smoot-Hawley Tariff Act of 1930, aimed to protect American industries by raising the cost of imported goods, making domestic products more competitive. However, this policy had the unintended consequence of reducing international trade, as other countries retaliated with their own tariffs, leading to a decline in global trade and contributing to the economic downturn that preceded the Great Depression.