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Global Economic Crisis Answers

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1
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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.
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

[BLANK]

A
1929
B
1921
C
1933
D
1941
4

[BLANK]

A
Great Britain
B
the United States
C
Germany
D
France
5

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.
6

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

A
loans from abroad.
B
construction.
C
inflation.
D
farming.
7

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.
8

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
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

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.

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