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WorksheetsThe Great Depression
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
Define Hyperinflation
a)
Money loses value quickly
b)
Money gains value quickly
c)
The market becomes flooded with a surplus
d)
The Stock Market rises quickly in one day
2.
The day the stock market crashed is known as:
a)
Black Monday
b)
Black Tuesday
c)
Black Wednesday
d)
Black Thursday
3.
FDR's plan to fix the American Economy was called:
a)
The New Deal
b)
Reaganomics
c)
Economic Injection
d)
The "band-aid" Solution
4.
True or False: By raising taxes and giving the money to businesses, Britain was able to create more jobs
a)
True
b)
False
5.
This term describes the decade of great wealth America enjoyed after WWI
a)
Roaring 20s
b)
Roaring 30s
c)
Roaring 10s
d)
Roaring 40s
6.
Buying on margin means:
a)
buying stocks at a fraction of their price, with the promise of paying the rest later
b)
planning out your budget to make sure you have enough to get by
c)
Buying a few stocks from many companies to ensure profit
d)
Pouring all of your money into one stock in order to ensure profit
7.
This president was blamed for not doing enough during the Great Depression, so much so that shanty towns were named after him
a)
Hoover
b)
Roosevelt
c)
Wilson
d)
Polk
8.
This country had to pay huge war reparations after WWI, causing its economy to collapse
a)
Germany
b)
France
c)
Britain
d)
US
9.
This Image is used to describe:
a)
The failure of banks, causing people to lose their life savings
b)
How irresponsible people were with their money in the 20s
c)
How overspending had caused an economic collapse
d)
That buying on credit caused the stock market to crash
10.
Many organizations, such as the CCC and the SSA, were created to help Americans get back on their feet. These organizations were known as:
a)
Alphabet Soup
b)
The 3 Rs
c)
FDR's economic plan
d)
Economic Revitalization project
11.
Define Communism
a)
A Dictator is in charge, there is a strong emphasis on nationalism
b)
The people vote for their leaders in a democratic process
c)
There is no organized government, religion, or economy. People work together to survive
d)
A small group of nobles makes the decisions for the country
12.
Define Socialism
a)
Business is usually controlled by the government, and profits are shared among the people
b)
Government has little influence in business, people can make money any way they please
c)
The economy is left on its own, with little influence from either government or private enterprises
d)
There is no economy, rather people work together to survive.
13.
Define Fascism
a)
Emphasizes extreme nationalism while denying individual liberties. Usually led by a dictator
b)
An elected ruler holds all of the power
c)
There is no government in society, only cooperation
d)
Emphasizes a certain religion, with religious leaders holding political power
14.
In Socialism and Communism:
a)
Society > Individual
b)
Individual > Society
c)
Government > Individual Rights
d)
Government < Individual Rights
15.
This man becomes leader of the Soviet Union after the Death of Lenin
a)
Stalin
b)
Putin
c)
Nicholas II
d)
Kruschev
16.
Stalin's plan to jumpstart the Soviet Union's economy was called:
a)
5 year plan
b)
4 year plan
c)
3 year plan
d)
2 year plan
17.
True or False: In Hitler's Mein Kampf, he did not say what he had planned for Germany
a)
True
b)
False
18.
Which of these IS NOT a reason Hitler was allowed to come to power
a)
The Great Depression made Germany desperate
b)
The Weimar Republic was unable to stop hyperinflation
c)
Germany was angry at the Treaty of Versailles
d)
The military wanted to use Hitler to control the government
19.
Mussolini created what kind of Government in Italy?
a)
Fascist
b)
Communist
c)
Socialist
d)
Democratic
20.
What was the Military's solution to Japan's economic problems?
a)
Invade Manchuria, China, and Korea
b)
Increase government spending
c)
Improve trade relations with China
d)
Change their dependency from silk exports to weapons exports
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