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Great Depression LT 1-21

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

When did the Great Depression take place?

a)

1940's

b)

1920's-1930s

c)

1910's-1920's

d)

1950's

2.

What are the three reasons there are economic problems in Europe after World War I?

a)

Countries needed to rebuild the buildings, infrastructure, and homes that were destroyed during the war.

b)

Countries needed to deal with a large amount of soldiers coming back home.

c)

Countries no longer needed to buy things from other countries. All of the countries around the world went into Isolationism.

d)

No longer needed weapons and other supplies for the war, so they didn't need as many factory workers as they had during the war

3.

Why did Germany have a harder time than the rest of Europe rebuilding after World War I?

a)

Germany had to pay back a lot of reparations (money).

b)

Germany refused to pay back the money.

c)

Germany had to pay back a lot of reparations (money) and did not have the money.

d)

Germany wanted to keep fighting.

4.

What is Hyperinflation?

a)

Printing money that has no economic support.

b)

Printing money that has too much economic support.

c)

Money that is backed up by gold.

d)

Money that has no value.

5.

How was the United States different from Europe after World War I?

a)

The United States made a lot of money selling weapons to countries during World War One.

b)

The United States saved all of its money during the war.

c)

The United States did not participate in WWI, which allowed it to save money.

d)

The United States never experienced a Great Depression.

6.

This is a unit of ownership in a company?

a)

Stock

b)

Bond

c)

Run on banks

d)

Calling the Loan

7.

This is when you are buying stocks with money that you are borrowing from a bank?

a)

Stock on loan

b)

Stock on credit

c)

Stock on payment

d)

Stock on margin

8.

When did the Stock Market Crash?

a)

October 29,1929

b)

December 1, 1929

c)

October 28,1929

d)

October 27,1929

9.

What is another name for the Stock Market Crash?

a)

Black Wednesday

b)

Terrific Tuesday

c)

Black Friday

d)

Black Tuesday

10.

Why did the Stock Market Crash take place?

a)

European countries did not need American factories to make products.

b)

Companies called the loan.

c)

There was a run on the banks

d)

People saved too much money.

11.

How did people respond after the Great Depression?

a)

People freaked out and spent all of their money.

b)

People invested all of their money in the stock market after it crashed.

c)

People went to the banks and tried to withdraw all of their money.

12.

How did companies respond to the Great Depression?

a)

They hired more employees because they didn't want people to be poor.

b)

They asked the government for assistance.

c)

They laid (fired) people off because they could not afford to pay anyone.

13.

Who did the United States loaned money to after WWI?

a)

Most of Europe except Germany.

b)

Most of Europe except Berlin.

c)

Only a few countries in Europe.

d)

Everyone in Europe, especially Germany.

14.

What happened when the United States stopped loaning money to them?

a)

European countries suffered the most.

b)

Germany and Italy suffered the most.

15.

What was President Roosevelt response to the Great Depression?

a)

By creating a set of programs that would help the American people get back to work

b)

By creating a set of laws that would only work for a short time.

c)

By borrowing more money and causing the same problems.

d)

By selling the United States to other countries.

16.

How did Great Britain, Germany, Italy, and Japan responded to the Great depression?

a)

Britain protected business and raised taxes, Germany allowed radical groups to come to power, Italy allowed Benito Mussolini to come to power, the bad economy led to a military dictatorship in Japan.

b)

Britain protected is business but lowered taxes, Germany allowed for nicer groups to come to power, Italy allowed Adolf Hitler to take over, the bad economy led to a democracy in Japan.

17.

What are the main ideologies of the Soviet Union?

a)

Socialism and communism

b)

Communism and Capitalism

c)

Democracy and Capitalism

d)

Nazism and Communism

18.

When did the Soviet Union become a communist nation?

a)

After the Nazi Revoultion in 1917

b)

Before the Nazi Revolution in 1917

c)

After the Bolshevik Revolution in 1917

d)

Before the Bolshevik Revolution in 1917.

19.

Who led the Soviet Union during the Great Depression?

a)

Adolf Hitler

b)

Joseph Stalin

c)

Hideki Tojo

d)

Bentio Mussolini

20.

This a form of government where the working class will violently overthrow the government and all of the money and private property is shared.

a)

Communism

b)

Capitalism

c)

Socialism

d)

Fascism

21.

This is form of government where their is no violent overthrow and the government only focuses on the economy.

a)

Socialism

b)

Communism

c)

Nazism

d)

Fascism

22.

How did Joseph Stalin take control in Russia?

a)

Created a totalitarian state

b)

Killed everyone that was in his way

c)

Asked to be in charge

d)

Ran through an election

23.

Collectivization is....

a)

when the government confiscated all farms and combined them into huge government-controlled farms to increase food production

b)

when the government paid people to farm areas

c)

when the government confiscated all farm and combined them into huge government controlled-farms to give to the rich

24.

What is Fascism and where did it become popular in Europe?

a)

political movement that emphasized an extreme form of nationalism and power to the state, it became popular in Europe.

b)

political movement that emphasized an extreme form of isolationism and power to the country, it became popular in Europe.

25.

How did Italy become Fascist and who led the Fascist party?

a)

Italy was upset at the Treaty of Versailles, and Benito Mussolini was in charge.

b)

Italy was happy about the way things ended, and Adolf Hitler was in charge