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Global Economic Crisis Answers

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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
The Depression shattered people’s confidence in the government.
C
Banks and stock markets were minimally responsible for the Depression.
D
Resentment of existing governments began well before the Depression.
2
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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.
3

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.
4

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.
5

After the Great Depression, France could best be described as

A
quick to recover.
B
politically unstable.
C
more conservative.
D
economically sound.
6

welfarewealthhousingfarmland

A
welfare
B
wealth
C
housing
D
farmland
7

The global economic crisis following World War I was caused by

A
widespread unemployment.
B
unpaid WWI debts.
C
the Great Depression.
D
overspeculation.
8

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

A
suffered.
B
prospered.
C
was unaffected.
D
plunged to its lowest numbers.
9

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

A
They overthrew the government.
B
They created new jobs.
C
They passed worker reforms.
D
They banned all imports.
10

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.
11

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 lessening control over national currency
C
by lowering interest rates to help business
D
by lessening reliance on exports and imports
12

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.
13

1929192119331941

A
1929
B
1921
C
1933
D
1941
14

Following the Great Depression, in which country did economic recovery occur most quickly?

A
Germany
B
France
C
United States
D
Great Britain
15

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

A
loans from abroad.
B
construction.
C
inflation.
D
farming.
16

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.

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