The Great Depression

What was Germany paying at the beginning of the Great Depression?

• Payments to former colonies

• Reparations from WW1

• Debts from wars before WWI

When hyperinflation happens then:

• Money is worth a lot less than before

• Money is worth a lot more than before

• Money is worth the same amount

Many factories copied the ___________ model from the car industry to help mass produce goods (basically meant that they were making even more products to sell).

• Inflation

• Assembly Line

• Stock Market

By this time (end of the 1920s), could Europeans afford to buy a lot of goods?

• Yes

• No

What were the high stock market prices based on?

• The price of real goods

• The price of real services

• The price of both real good and real services

• Nothing

What is the name of the day when Wall Street had a financial crash in the 1920's?

• Black Monday

• Black Thursday

• Black Friday

Once the banks had crashed, what happened next?

• People lost their jobs (Unemployment went up)

• They opened new banks and the economy recovered easily

• Other types of businesses were completely fine so there was no real problem

The Great Depression only affected the USA.

• True

• False

What percentage of the labor force was unemployed?

• 5-10%

• 20-30%

• 50-60%

The Great Depression made it ________ for Hitler and the Nazis to take power in Germany.

• easier

• harder