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Global Economic Crisis Answers

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

Question illustration
A
A rise in unemployment is tied to a rise in industrial production.
B
Low unemployment leads to a decline in industrial production.
C
A drop in industrial production leads to a drop in unemployment.
D
Declines in industrial production are tied to a rise in unemployment.
2
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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
3

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.
4

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.
5

After the Great Depression, France could best be described as

A
quick to recover.
B
politically unstable.
C
more conservative.
D
economically sound.
6

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.
7

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.
8

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.
9

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.
10

The global economic crisis following World War I was caused by

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

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