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Global Economic Crisis Answers

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1
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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
2
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In what year did the US economic recovery begin?

A
1933
B
1921
C
1941
D
1929
3

[BLANK]

A
1929
B
1921
C
1933
D
1941
4

The global economic crisis following World War I was caused by

A
widespread unemployment.
B
unpaid WWI debts.
C
the Great Depression.
D
overspeculation.
5

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.
6

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.
7

Following the Great Depression, in which country did economic recovery occur most quickly?

A
Germany
B
France
C
United States
D
Great Britain
8

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.
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

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.

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