Global Great Depression

What was one of the major global impacts of the Great Depression according to the text?

• It initiated the Industrial Revolution.

• It led to the development of the internet.

• It helped cause the Second World War.

• It resulted in the discovery of penicillin.

What event marked the beginning of the Great Depression in the United States?

• The signing of the Treaty of Versailles

• The stock market crash on October 24th, 1929

• The end of World War I

• The establishment of the United Nations

What was a significant impact of the Great Depression on European colonies and Latin America according to the text?

• Increased cultural exchanges

• Improved economic policies

• Increased tariffs making imports more expensive

• Decreased unemployment rates

According to the text, what type of crops did European colonies primarily grow that were not considered necessities?

• Wheat and corn

• Rubber, sugar, and coffee

• Rice and beans

• Vegetables and fruits

What was a common response of colonial governments to economic decline during the Great Depression?

• They reduced tariffs on imports

• They focused solely on agricultural development

• They extracted resource and tax value out of their colonies

• They promoted free trade agreements

How did the Soviet Union respond to the Great Depression differently from capitalist states?

• By embracing open markets under free-trade capitalism

• By taking control of production and distribution under state-run communism

• By reducing public works projects

• By increasing foreign trade

What policy did Franklin Roosevelt implement in response to the Great Depression?

• Laissez-faire economics

• The New Deal

• Privatization of state-owned enterprises

• Reduction of government intervention

What was the primary factor that critics believed ended the Great Depression according to the text?

• Welfare reforms

• Military production

• New Deal policies

• International trade agreements

Which countries are mentioned as having taken extreme measures of authoritarianism and fascism to recover from the Great Depression?

• United States, Germany, and Italy

• Germany, Japan, and Italy

• Germany, Japan, and Russia

• Italy, Spain, and Japan

According to the text, what did the authoritarian leaders use their new military power for during the Great Depression?

• To improve domestic infrastructure

• To seize new land and resources

• To enhance trade relations

• To reduce national debts