Question 1
Which of the following was a consequence of the Great Depression?
A) The communist economy of the Soviet Union came perilously close to collapse.
B) The worlds powerful nations all increased their military spending.
C) The United States, England, and France all abandoned capitalism.
D) The worlds powerful nations all moved toward greater government intervention in their economies.
Question 2
Why was the Soviet Union immune to the Great Depression?
A) Japan and China greatly supported its economy.
B) Its trade connections with Europe were very strong.
C) It had huge reserves of capital.
D) It had already abandoned capitalism.
Question 3
Italy, Germany, and Japan responded to the Depression by __________
A) increasing military spending
B) cutting all government programs
C) eliminating national debt
D) reducing the size of their armies
Question 4
Explain the causes of the stock market crash. What role did the crash play in causing the Great Depression? What other factors were at play?
What will be an ideal response?