WHAP Global Great Depression

What was the immediate global economic consequence of the stock market crash in 1929?

• A brief economic downturn

• An unprecedented worldwide economic collapse

• A localized financial crisis in the United States

• A rapid economic recovery

How did wealthy financiers on Wall Street contribute to the worsening of the stock market crash?

• By investing in stable government bonds

• By withdrawing all their money at once

• By taking on risky debts and making risky investments

• By supporting small businesses

By what percentage did American manufacturing decline from 1929 to 1930?

• 6 percent

• 16 percent

• 26 percent

• 36 percent

What was the unemployment rate in the United States and Germany during the Great Depression?

• 15 percent

• 25 percent

• 35 percent

• 45 percent

What effect did tariffs have during the Great Depression?

• They improved international cooperation.

• They had no significant effect.

• They made matters worse, especially for people in European colonies and Latin America.

• They decreased the cost of domestic goods.

What did British West African rubber trees represent during the Great Depression?

• A valuable resource for the local economy.

• A necessity for the British car industry.

• An example of a cash crop that suddenly became useless.

• A symbol of successful international trade.

What was one of the ways Nigerian women coped with economic decline during the colonial exploitation?

• They continued to grow cash crops.

• They started local textile businesses.

• They converted cash crops into food crops for local sale.

• They relied on government support.

What term is used to describe the economic system that arose in Western Europe and the United States, where the state took a more active role in making and distributing goods?

• Welfare capitalism

• Laissez-faire capitalism

• Traditional capitalism

• State socialism

What was the purpose of the Soviet Union's Five Year Plan initiated in 1928?

• To increase industrial production by taking land from individual peasants and putting it under control of group "collectives"

• To promote free trade and international cooperation

• To reduce government involvement in the economy

• To privatize state-owned enterprises

What was the primary goal of Franklin Roosevelt's New Deal?

• To increase military production

• To provide government jobs and address wealth inequality

• To prepare for the Second World War

• To reduce the power of the government