Global Depression and Its Impact

How does global depression impact the economies of different countries?

• It results in a decrease in unemployment rates

• It leads to an increase in consumer spending and trade

• It has no impact on the economies of different countries

• It can cause a decrease in consumer spending, reduced trade and investment, and increased unemployment rates.

What was the cause of the Great Depression?

• Inequality;
• Tariffs;
• Colonialism;
• All of the above

What happened to the global production of goods during the Great Depression?

• It increased;
• It remained the same;
• It declined;
• None of the above

POLITICAL cause of the global depression:

• Unstable governments in Germany and Russia

• Americans buying stocks on margin

• Britain and France forcing America to abandon the Dawes Plan

• The end of World War II

What forced banks to close during the Great Depression?

• Huge amounts of inflation

• War in Europe

• Investors unable to pay loans and bank runs

• Not enough people invested in the Stock Market

Which of the following accurately describes how foreign policy contributed to the Great Depression?

• German aggression threatened war, causing massive military buildups and draining treasuries

• European factories produced automobiles, challenging American manufacturing dominance.

• American tariffs slowed global trade by reducing exports, harming worldwide economies.

• South American sugar producers slowed production, straining worldwide supply chains.

Which situation was a basic cause of the Great Depression?

• excessive profits for farmers

• overregulation of the stock market

• overproduction of consumer goods

• continued increases in wages for workers

This is a tax on imports that is used to increase price of foreign products and raise government revenue. 

• tariff
• quota
• subsidy
• embargo

Which of the following is a term for buying something now and paying for it later?

• Credit 
• Debit
• Speculation 
• Investment 

The stock market crash of 1929 is generally associated with-

• the worldwide, global Great Depression

• The Russian Revolutions

• High tariffs

• Under-inflation