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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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.
3

The graph shows the results of German submarine warfare in early 1917.

Question illustration
A
Germany was stepping up its efforts to stop goods from reaching the Allies.
B
Germany’s U-boat attacks were mostly ineffective in early 1917.
C
Germany was tired of the war and wanted to reach peace with the Allies.
D
Germany was seeking to maintain the Atlantic Ocean as German territory.
4

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.
5

What was the purpose of the mandate system created by the Treaty of Versailles?

A
to turn former German colonies into independent nations
B
to limit the size of European armies in overseas territories
C
to transfer territory from European control to United Nations control
D
to give Allied powers control over territory the Central powers once held
6

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.
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

In what year did the US economic recovery begin?

A
1933
B
1921
C
1941
D
1929
9

Which of these actions was a provision of the Treaty of Versailles?

A
Germany lost all of its overseas colonies and territories.
B
Germany’s military was completely disbanded.
C
Germany was to be governed by the Allies.
D
Germany’s newly manufactured weapons would go to pay reparations.
10

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.
11

In January 1918, US President Woodrow Wilson presented his Fourteen Points, which outlined his vision for postwar peace. Which were some of those points? Check all that apply.

A
self-determination for colonized peoples
B
a democratic government
C
arms reduction
D
equal rights for all
E
open diplomacy
F
a peacekeeping organization
12

Read this excerpt from US President Franklin Roosevelt’s first inaugural address in 1933.The withered leaves of industrial enterprise lie on every side; farmers find no markets for their produce; the savings of many years in thousands of families are gone.More important, a host of unemployed citizens face the grim problem of existence.

A
less industrial waste
B
an increase in jobs
C
more farmlands
D
a decrease in produce
13

As time went on, how did the Russian people view their country’s participation in World War I?

A
They opposed it because of the high casualty rate.
B
They called for more aggressive participation.
C
They urged the government to switch sides.
D
They were proud of Russia’s many battlefield victories.
14

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
15

Great Britainthe United StatesGermanyFrance

A
Great Britain
B
the United States
C
Germany
D
France
16

Which of these was a result of the Treaty of Brest-Litovsk?

A
the end of World War I
B
Russia’s withdrawal from the war
C
the end of Austria-Hungary’s war with Serbia
D
the United States’ entrance into the war
17

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.
18

What was the political goal of the mandate system?

A
to weaken the Central Powers
B
to give more territory to France and Britain
C
to develop trade in the territories
D
to establish democracy in the territories
19

[BLANK]

A
New Deal
B
Great Depression
C
Inauguration
D
Reparation
20

In 1919, Germany signed the Treaty of Versailles. Did the treaty reflect Wilson’s vision of “peace without victory”? Why or why not?

A
No. Although the treaty included Wilson’s Fourteen Points, other provisions made them redundant.
B
Yes. Several of the Fourteen Points became part of the treaty.
C
No. The other Allies wanted to punish Germany harshly for its actions.
D
Yes. Germany was able to negotiate a peace settlement without admitting defeat.

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