AnswersNY-Global History and Geography IIWorld War I Ends

Global Economic Crisis Answers

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1
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After World War I, how did the US economy compare to that of Germany?

A
The US economy was stronger.
B
The German economy was stronger.
C
Both economies were about equal.
D
Both economies shifted up and down.
2
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During the Great Depression, the United States demanded repayment of loans it made to European nations for

A
industrial development.
B
World War I expenses.
C
unemployed workers.
D
stock market losses.
3

To pay reparations after World War I, Germany

A
asked the United States to repay debts to Germany.
B
printed more money.
C
raised taxes on its residents.
D
increased prices for food and goods.
4

Look at this chart showing the economic impact of the Great Depression between 1929 and 1932.

Question illustration
A
A rise in unemployment is tied to a rise in industrial production.
B
Low unemployment leads to a decline in industrial production.
C
A drop in industrial production leads to a drop in unemployment.
D
Declines in industrial production are tied to a rise in unemployment.
5

Look at this chart showing declines in industrial production during the Great Depression.

Question illustration
A
Sweden did not depend on industrial production.
B
Sweden’s economy was less stable than most.
C
Sweden and Great Britain had similar economies.
D
Sweden had a lower unemployment rate than the United States.
6

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

A
suffered.
B
prospered.
C
was unaffected.
D
plunged to its lowest numbers.
7

After the Great Depression, France could best be described as

A
quick to recover.
B
politically unstable.
C
more conservative.
D
economically sound.
8

What factors caused the Great Depression to spread around the world? Select three answers.Americans stopped buying from overseas nations.Large numbers of jobless Americans moved overseas.Many countries raised tariffs on imported goods.Stock markets started to crash in many other nations.Americans demanded repayment of European loans.

A
Americans stopped buying from overseas nations.
B
Large numbers of jobless Americans moved overseas.
C
Many countries raised tariffs on imported goods.
D
Stock markets started to crash in many other nations.
E
Americans demanded repayment of European loans.
9

[BLANK]

A
Great Britain
B
the United States
C
Germany
D
France
10

New DealGreat DepressionInaugurationReparation

A
New Deal
B
Great Depression
C
Inauguration
D
Reparation
11

The term “on margin” means

A
paying the balance in full for an asset with no down payment.
B
paying a high-interest rate on a bank or broker loan for an asset.
C
paying the down payment on an asset and borrowing the balance.
D
paying a loan back for an asset only after profiting from a trade.
12

The US economy after World War I relied in large part on

A
loans from abroad.
B
construction.
C
inflation.
D
farming.
13

What made Americans so willing to engage in stock market speculation in the 1920s?

A
People were in an optimistic mood, and they were willing to take a risk.
B
Speculation was the lowest-risk way to invest in the stock market.
C
People felt they had little to lose, and there were few other options.
D
Speculation helped many low-income people move to the middle class.
14

The global economic crisis following World War I was caused by

A
widespread unemployment.
B
unpaid WWI debts.
C
the Great Depression.
D
overspeculation.
15

In what year did the US economic recovery begin?

A
1933
B
1921
C
1941
D
1929
16

Why did European nations face financial challenges after World War I? Select two answers.They needed to recruit soldiers for the military.They needed to rebuild destroyed infrastructure.They needed to pay higher salaries to workers.They needed to repay money they had borrowed.They needed to finance students’ education.

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

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