Global Economic Crisis:Pre-Test

In what year did the US economic recovery begin?

1933

Refer to the chart and use the drop-down menu to complete each statement.

According to the chart, the largest decline in foreign trade occurred in the united states. The greatest increase in unemployment between 1929 and 1932 occurred in the united states. According to the chart, Britain was least affected by the Great Depression.

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

Great Britain

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.

Why did people demand not just banking and stock market reform but also new forms of government after the Great Depression?

The Depression shattered people's confidence in the government.

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

The US economy was stronger.

Why did European nations face financial challenges after World War I? Check all that apply.

They needed to rebuild destroyed infrastructure. They needed to repay money they had borrowed.

In France, how did Socialists attempt to fight the effects of the Great Depression?

They passed worker reforms.

this photo from 1923, a man is using the backs of one million German marks (money) as writing paper. Use the drop-down menu to complete each statement.

This photo shows that money is worth less than a piece of paper. When a country experiences inflation, prices for paper, pens, and other goods increase

During the Great Depression, the United States demanded repayment of loans it made to European nations for

World War I expenses.

In which way did Great Britain's leaders try to recover from the Great Depression?

by lowering interest rates to help business

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

construction.

The term "on margin" means

paying the down payment on an asset and borrowing the balance.

After the Great Depression, France could best be described as

politically unstable.

To pay reparations after World War I, Germany

printed more money.

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

prospered.

Which factors led to a weakening economy in the United States? Check all that apply.

speculation in the stock market unequal distribution of wealth overproduction

The global economic crisis following World War I was caused by

unpaid WWI debts.

A factor leading to a weakening US economy, which followed its initial surge, was the unequal distribution of ______

wealth