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 what year did the US economic recovery begin?

A
1933
B
1921
C
1941
D
1929
4

To pay reparations after World War I, Germany

A
asked the United States to repay debts to Germany.
B
printed more money.
C
raised taxes on its residents.
D
increased prices for food and goods.
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

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
7

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.
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

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.
10

After the Great Depression, France could best be described as

A
quick to recover.
B
politically unstable.
C
more conservative.
D
economically sound.

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