A Worldwide Depression

Question 1

What were European nations doing by the late 1920’s

Answer 1

rebuilding war-torn economies

Question 2

Who provided Europe with loans when they were rebuilding war-torn economies?

Answer 2

The US

Question 3

Which countries came out of the war better than before?

Answer 3

Japan and the US

Question 4

How did the war leave Europe financally?

Answer 4

Bankrupt

Question 5

What happened to europe’s domination in world affairs after the war

Answer 5

it declined

Question 6

What form of government popped up in places after the war?

Answer 6

democracies

Question 7

What happened from 1914-1918 in Europe?

Answer 7

The last absolute rulers were overthrown

Question 8

When and where was the first of the new democracies that popped up after the war?

Answer 8

Russia in 1917

Question 9

What did Russia call the new gov after war?

Answer 9

The Provisional Gov

Question 10

What happened to the Provisional Gov?

Answer 10

It fell to a communist dictatorship

Question 11

Coalition Gov

Answer 11

Temporary alliance of several parties

Question 12

What happened when none of the many political groups in Europe won a majority

Answer 12

A coalition gov formed a parliamentary majority

Question 13

Why were coalitions usually short?

Answer 13

Because all the different parties disagreed

Question 14

Germany’s new democratic government

Answer 14

Weimer republic

Question 15

Weakness of the Weimer republic?

Answer 15

• Germany lacked a strong democratic tradition
• Postwar Germany had several major political parties and minor ones
• Biggest reason: Germans blamed Weimer Republic for their countries defeat and humiliation of Versailles treaty

Question 16

How did Germany pay for the war?

Answer 16

-They printed more money

Question 17

What negative effect did Germany’s printing money on the masses cause?

Answer 17

hyperinflation

Question 18

What did the people start to question after hyperinflation?

Answer 18

The value of their democratic government

Question 19

How did Germany recover from inflation?

Answer 19

an international committee

Question 20

Who was in charge of the international commitee that saved Germany from inflation, and what was his/her occupation?

Answer 20

Charles Dawes, an American Banker

Question 21

How did the Dawes plan help stop inflation?

Answer 21

Provided for a $200 American loan to stabalize the German economy and set a more realistic schedule for Germany’s payments

Question 22

What happened as the German economy recovered?

Answer 22

It attracted more loans and investments from the US.

Question 23

What did Gustavv Stremann and Aristide Bride do as prosperity returned to Germany?

Answer 23

• Tried to improve relations with other countries

Question 24

What did Gustavv Stremann (Germany’s minsiter) and Aristide Bride (France’s minster) to try and improve relations with other countries?

Answer 24

They signed a treaty with Belgium Italy and Britian

Question 25

What did the treaty of Germany, France, Belgium Italy and Britian say?

Answer 25

- Belgium Italy and Britain wouldn't make war with France or Germany - Germany agreed to respect the existing borders of France and Belgium

Question 26

What happened after Germany made a treaty with France, Belgium, Italy and Britian?

Answer 26

It was admitted to the league of nations

Question 27

What did the hopes raised by "Spirit of Lacano" lead to?

Answer 27

Kelogg-Briand peace pact

Question 28

Who all signed the Kellogg Peace Pact?

Answer 28

Almost every country, including the Soviet Union

Question 29

What did the countries agree to in the Kelogg-Briand peace pact?

Answer 29

To renounce war as an instrument of national policy

Question 30

What was the flaw with the Kelogg-Briand peace pact?

Answer 30

It didn't have a way to enforce the agreement

Question 31

Why couldn't Kelogg-Briand enforce it's agreement?

Answer 31

The chosen enforcer didn't have any armed forces

Question 32

Who was the chosen enforcer of the Kelogg-Briand agreement?

Answer 32

The Leauge of Nations

Question 33

Why did the world's economies collapse when the US economy weakened?

Answer 33

American factories were turning out nearly half of the world's goods

Question 34

Why did the US economy crash in 1929?

Answer 34

- Uneven distribution of wealth - Overproduction by businesses and agriculture - Many Americans were buying less

Question 35

Why did an uneven distribution of wealth cause the US economy to crash?

Answer 35

Because most families were too poor to buy goods, so goods created were reduced, so people were laid off

Question 36

How did overproduction cause the US economy to crash?

Answer 36

It drove prices and profits down

Question 37

Stocks and the beginning of the great depression

Answer 37

People gambled because the economy was prospering. Then, when the stock market was high, people began selling their stocks, which caused it to go down so everyone panicked and sold, and there were no buyers.

Question 38

What did the unemployed depend on at first?

Answer 38

Charity

Question 39

Economic Depression

Answer 39

A long period of economic decline where there is low production, low employment rates, and loss of buisnesses

Question 40

How did the Hoover administration help durring the great depression?

Answer 40

It basically didn't

Question 41

Where did homeless people live?

Answer 41

Hoovervilles

Question 42

What caused the US to become further isolated?

Answer 42

The Great Depression

Question 43

When did the US become less isolated?

Answer 43

When Franklin D Roosevent became president

Question 44

Where did the stock buyers get money to pay off the banks?

Answer 44

Europe

Question 45

How did the congress respond to people getting loans from Europe?

Answer 45

They made US an isolated currency

Question 46

Effect of isolating US currency

Answer 46

Made the prob worse

Question 47

Who was hit hardest by US's economy crash in other part of the world

Answer 47

Austria and Germany

Question 48

How did the US economy crash affect Latin America?

Answer 48

The purchase of their goods like beef, sugar and copper decreased

Question 49

Britany's steps to improve economy

Answer 49

- elected a multiparty coalation called the National gov - passed high tax terrifs - increased taxes - regulated currency

Question 50

Why was France not as affected as some countries by the Great depression?

Answer 50

It was more agrigultural and less reliant on trade

Question 51

How did France improve it's economy?

Answer 51

- moderates, socialists, and communists formed a coalation

Question 52

What was The Popular Front

Answer 52

- France's coalation

Question 53

What did the Popular Front do?

Answer 53

- Passed a series of reforms to help workers

Question 54

Solutions of Socialist governments

Answer 54

- gov sponsored big work projects - raised penisons - increased unemployent insurance

Question 55

Who published a General Theory of Employment, Interest and Money?

Answer 55

John Maynard Keynes

Question 56

Who came up with the Keynesian Economics

Answer 56

John Maynard Keynes

Question 57

Keynesian Economics solution

Answer 57

- employ people through gov job programs - change tax policies - modifying spending for public funding