Answers MISD-World History-RECOVERY-B-2019-2020World War I Begins

Global Economic Crisis Answers

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What made Americans so willing to engage in stock market speculation in the 1920s?

People were in an optimistic mood, and they were willing to take a risk.

Speculation was the lowest-risk way to invest in the stock market.

People felt they had little to lose, and there were few other options.

Speculation helped many low-income people move to the middle class.

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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?

Governments refused to make post-Depression financial reforms.

The Depression shattered people’s confidence in the government.

Banks and stock markets were minimally responsible for the Depression.

Resentment of existing governments began well before the Depression.

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.

less industrial waste

an increase in jobs

more farmlands

a decrease in produce

Great Britainthe United StatesGermanyFrance

Great Britain

the United States

Germany

France

Look at this chart showing the economic impact of the Great Depression between 1929 and 1932.

A rise in unemployment is tied to a rise in industrial production.

Low unemployment leads to a decline in industrial production.

A drop in industrial production leads to a drop in unemployment.

Declines in industrial production are tied to a rise in unemployment.

Look at this chart showing declines in industrial production during the Great Depression.

Sweden did not depend on industrial production.

Sweden’s economy was less stable than most.

Sweden and Great Britain had similar economies.

Sweden had a lower unemployment rate than the United States.

In what year did the US economic recovery begin?

1933

1921

1941

1929

After the Great Depression, France could best be described as

quick to recover.

politically unstable.

more conservative.

economically sound.

After World War I, how did the US economy compare to that of Germany?

The US economy was stronger.

The German economy was stronger.

Both economies were about equal.

Both economies shifted up and down.

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

loans from abroad.

construction.

inflation.

farming.

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