EOC Review: Great Depression

What time period does the Great Depression refer to?

• 1919 to 1930

• 1929 to 1940

• 1939 to 1950

• 1949 to 1960

What happened to the economy during the Great Depression?

• The economy improved and unemployment decreased

• The economy remained stable and unemployment remained the same

• The economy plummeted and unemployment skyrocketed

• The economy grew rapidly and unemployment was eradicated

How significant was the Great Depression in the 20th century?

• It was a minor economic downturn

• It was the worst economic crisis of the 20th century

• It had little to no effect on the global economy

• It was overshadowed by other economic events

Which country experienced the worst economic crisis to date due to the Great Depression?

• Somalia

• United Kingdom

• United States

• France

What was one of the consequences of factories and farmers producing more goods during WWI to meet growing demand?

• There was a balanced supply and demand after the war.

• A supply surplus was created in the 1920s when demand fell.

• European countries bought more American-made goods after the war.

• The production levels were adjusted appropriately in the 1920s.

Why could European countries not buy as many American-made goods after WWI?

• Because the quality of American-made goods declined.

• Because they preferred goods made in Asia.

• Because they were broke from the war.

• Because the shipping costs became too high.

What did factories and farmers fail to do after WWI that contributed to overproduction?

• They failed to increase production to meet demand.

• They failed to adjust production when demand fell.

• They failed to export goods to Europe.

• They failed to modernize their production methods.

What led to millions of lay-offs during the Great Depression?

• The opening of new factories and farms

• The closing of factories and farms

• The increase in global trade

• The automation of industry

What was the most obvious symptom of the Great Depression?

• The decrease in the cost of living

• The increase in industrial production

• The sharp increase in the unemployment rate

• The rise in agricultural output

What did many industries that remained open during the Great Depression have to do?

• Increase their overall production

• Lay off a portion of their workforce

• Expand their operations internationally

• Hire more workers to meet demand