Global Economic Crisis Answers

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1
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The US economy after World War I relied in large part on

A
loans from abroad.
B
construction.
C
inflation.
D
farming.
2
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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.
3

New DealGreat DepressionInaugurationReparation

A
New Deal
B
Great Depression
C
Inauguration
D
Reparation
4

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.
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

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.
7

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.
8

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.
9

Great Britainthe United StatesGermanyFrance

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

welfarewealthhousingfarmland

A
welfare
B
wealth
C
housing
D
farmland

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