Question

post wwii international world
world trade
organization
tariffs and trade
in 1947, gatt (general agreement on tariffs and trade) was created. in 1995, gatt was replaced by the world trade organization (wto).
gatt promoted international trade by lowering or eliminating tariffs.

• tariffs are taxes on imported goods from other countries.
• some countries placed tariffs on imported goods leading up to the great depression.
• this limited international trade to decrease significantly, which hurt economies worldwide.
• gatt made global trade more open, which made it more secure.
• in 1995, the world trade organization (wto) replaced gatt. over 150 nations joined the wto shortly after.

what did gatt do regarding trade?
shut down international trade
lowered or eliminated tariffs
opened new trading ports

Explanation:

The text in the image states that "GATT promoted international trade by lowering or eliminating tariffs." This directly indicates that GATT's role regarding trade was to lower or eliminate tariffs. Option A ("shut down international trade") is incorrect as the text shows GATT promoted trade. Option C ("opened new trading ports") is not mentioned in the provided text. So, based on the given information about GATT's function (lowering/eliminating tariffs to promote trade), the correct answer is that GATT lowered or eliminated tariffs.

Answer:

B. lowered or eliminated tariffs