Global Economic Crisis Answers

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1
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The global economic crisis following World War I was caused by

A
widespread unemployment.
B
unpaid WWI debts.
C
the Great Depression.
D
overspeculation.
2
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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.
3

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
4

In what year did the US economic recovery begin?

A
1933
B
1921
C
1941
D
1929
5

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.
6

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.

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