THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Investors began calling in loans they had made to European nations and discontinued lending to them.
|
|
|
Merchants exported too many products overseas and did not import anything
|
|
|
The United States only traded with countries willing to pay tariffs.
|
|
|
Business owners refused to sell mass-produced goods to European nations.
|
Detailed explanation-1: -At its peak, the Great Depression saw nearly 10% of all Great Plains farms change hands despite federal assistance. The decline in the U.S. economy was the factor that pulled down most other countries at first; then, internal weaknesses or strengths in each country made conditions worse or better.
Detailed explanation-2: -Reparations imposed on Germany following WWI left the country poorer, and economic woes caused resentment amongst its population. The Great Depression of the 1930s and a collapse in international trade also worsened the economic situation in Europe, allowing Hitler to rise to power on the promise of revitalization.
Detailed explanation-3: -Although there were national variations, no part of Europe was left untouched by the Great Depression. In the worst affected countries – Poland, Germany and Austria – one in five of the population was unemployed, and industrial output fell by over 40 per cent. Levels of trade between countries also collapsed.
Detailed explanation-4: -How did the beginning of the depression in the United States affect world markets? The United States economy was part of an international network of trade and finance; as its economy faltered, the economies that relied on it faltered, too.