Global Economic Crisis Answers
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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.22
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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.23
In which way did Great Britain’s leaders try to recover from the Great Depression?
A
by lowering taxes to improve personal incomesB
by lessening control over national currencyC
by lowering interest rates to help businessD
by lessening reliance on exports and imports24
The US economy after World War I relied in large part on
A
loans from abroad.B
construction.C
inflation.D
farming.25
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.26
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.27
The global economic crisis following World War I was caused by
A
widespread unemployment.B
unpaid WWI debts.C
the Great Depression.D
overspeculation.28
[BLANK]
A
1929B
1921C
1933D
194129
What factors caused the Great Depression to spread around the world? Select three answers.
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.30
Look at this chart showing declines in industrial production during the Great Depression.
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.Did you find these answers helpful?
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