AnswersAL-World History 1500 to the Present ABGlobal Economic Crisis

Global Economic Crisis Answers

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1
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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.
2
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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?

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.
3

[BLANK]

A
welfare
B
wealth
C
housing
D
farmland
4

After the Great Depression, France could best be described as

A
quick to recover.
B
politically unstable.
C
more conservative.
D
economically sound.
5

Why did European nations face financial challenges after World War I? Select two answers.

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.
6

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.
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

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.
9

What factors caused the Great Depression to spread around the world? Select three answers.

A
Americans stopped buying from overseas nations.
B
Large numbers of jobless Americans moved overseas.
C
Many countries raised tariffs on imported goods.
D
Stock markets started to crash in many other nations.
E
Americans demanded repayment of European loans.
10

Immediately following World War I, the economy in the United States

A
suffered.
B
prospered.
C
was unaffected.
D
plunged to its lowest numbers.

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