As a result of the Great Depression,
a. living standards rose in Japan and Germany.
b. Marxism and fascism gained in popularity.
c. free trade gained in popularity.
d. democracy gained in popularity.
e. American prosperity surprisingly increased.
Question 2
All of the following statements are correct about the Great Depression except
a. the stock market crash in the United States led to the withdrawal of American investments in Europe, thus weakening the European banking system.
b. economic depressions were a new phenomena in the European experience.
c. during the Depression, women were often able to secure low-paying jobs and servants and housekeepers while many men remained unemployed.
d. the classical liberal remedies for depressions were balanced budgets, cutting costs, and raising tariffs, all of which only worsened the crisis.
e. fascism and communism appealed to many because of the perceived failure of capitalism.
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