AnswersWorld History CRGlobal Economic Crisis

Global Economic Crisis — Quiz Answers

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3

During the Great Depression, the United States demanded repayment of loans it made to European nations for

A
stock market losses.
B
World War I expenses.
C
unemployed workers.
D
industrial development.
4

To spur US recovery after the Great Depression, President Roosevelt

A
eliminated many forms of government funding.
B
enacted numerous relief and welfare programs.
C
loosened strict banking rules and oversight.
D
restored pre-Depression stock market regulations.
5

In France, how did Socialists attempt to fight the effects of the Great Depression?

A
They banned all imports.
B
They overthrew the government.
C
They created new jobs.
D
They passed worker reforms.
6

In which way did Great Britain’s leaders try to recover from the Great Depression?

A
by lowering taxes to improve personal incomes
B
by lowering interest rates to help business
C
by lessening control over national currency
D
by lessening reliance on exports and imports
7

When Germany experienced inflation, prices for goods

A
stayed the same.
B
went up and down.
C
increased.
D
decreased.
8

Why did people demand not just banking and stock market reform but also new forms of government after the Great Depression?

A
Banks and stock markets were minimally responsible for the Depression.
B
The Depression shattered people’s confidence in the government.
C
Resentment of existing governments began well before the Depression.
D
Governments refused to make post-Depression financial reforms.
9

The term “on margin” means

A
paying a high-interest rate on a bank or broker loan for an asset.
B
paying the balance in full for an asset with no down payment.
C
paying a loan back for an asset only after profiting from a trade.
D
paying the down payment on an asset and borrowing the balance.
10

After the Great Depression, France could best be described as

A
economically sound.
B
politically unstable.
C
quick to recover.
D
more conservative.
12

Why did people demand not just banking and stock market reform but also new forms of government after the Great Depression?

A
Governments refused to make post-Depression financial reforms.
B
Banks and stock markets were minimally responsible for the Depression.
C
The Depression shattered people’s confidence in the government.
D
Resentment of existing governments began well before the Depression.
13

Immediately following World War I, the economy in the United States

A
was unaffected.
B
plunged to its lowest numbers.
C
prospered.
D
suffered.
14

During the Great Depression, the United States demanded repayment of loans it made to European nations for

A
stock market losses.
B
unemployed workers.
C
industrial development.
D
World War I expenses.
15

In which way did Great Britain’s leaders try to recover from the Great Depression?

A
by lessening reliance on exports and imports
B
by lowering taxes to improve personal incomes
C
by lessening control over national currency
D
by lowering interest rates to help business
16

After the Great Depression, France could best be described as

A
politically unstable.
B
quick to recover.
C
more conservative.
D
economically sound.
17

The global economic crisis following World War I was caused by

A
the Great Depression.
B
widespread unemployment.
C
overspeculation.
D
unpaid WWI debts.
18

The term “on margin” means

A
paying the down payment on an asset and borrowing the balance.
B
paying the balance in full for an asset with no down payment.
C
paying a loan back for an asset only after profiting from a trade.
D
paying a high-interest rate on a bank or broker loan for an asset.
19

Why did European nations face financial challenges after World War I? Choose two correct answers.

A
They needed to rebuild destroyed infrastructure.
B
They needed to finance students’ education.
C
They needed to recruit soldiers for the military.
D
They needed to repay money they had borrowed.
E
They needed to pay higher salaries to workers.
20

To spur US recovery after the Great Depression, President Roosevelt

A
loosened strict banking rules and oversight.
B
restored pre-Depression stock market regulations.
C
enacted numerous relief and welfare programs.
D
eliminated many forms of government funding.

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