Great Depression Video Questions Flashcards
Why were returning Canadian soldiers unable to find work?
Factoried produced more materials for the war, when the war ended soilders couldnt find jobs.
List 3 new products that were being mass produced after WW1
Airplaines, Autombelok, kiseren appliances CHECK ANSWER 4 THIS 1
Why were Canadian farmers doing well in the twenties?
Wheat was getting good prices peaked in 1924, there was so much wheat that they had to biy more land
How did the Treaty of Versailles make life in post-WWI Germany so difficult?
Peace treaty signed: Germany agreed to pay 131 million marks; they admitted they were wrong, accepted the blame, and paid for everything they destroyed. And there were very strict trade rules.
What problem was created by the practice of “buying on margin”?
paying 10% loan; if values dropped, you had to pay all back crashes caused a lot of debt
Why was the economic policy of ‘laissez-faire’ problematic in the United States
which meant to leave the market alone and it would fix itself
What did countries do to protect their home markets as the economies began to slow?
Tariffs
What happened on October 29th, 1929?
Stock market crash in the us black thursday 30 million trades
Why did the banks get hit very hard by the events of October 29th, 1929
Banks broke; the stock market crashed; banks called in loans and mortgages; everyone went broke.
What were the unemployment rates in the US and in Canada during the worst years?
USA 25% Canada 30%
What was a Bennett Buggy?
named after prime minister and was a car connected to a horse
What did many North Americans do when they lost their jobs?
Some left the city and started a new job; some shined shoes and sold apples.
Why did raising tariffs make the Great Depression worse?
When countries impose high tariffs on imported goods, it makes those goods more expensive for consumers. This can result in retaliatory tariffs from other countries, leading to a trade war.
As tariffs increased, countries found it harder to export their goods, which hurt industries and led to job losses.
What were the economic problems that made the depression so bad?
Lack of jobs, and families relying on one income
What measures did the New Deal take in the US?
Franklin DR was to declare a bank holiday; he made many banks go under. He ended prohibition to boost the economy. Provided hot food and daycare to those in need. The unemployed got more income to work on bridges; adults went back to school
What ended the Great Depression?
WW2
Explain how Japan attempted to solve its economic problems
The Japanese bombed
What were the effects of the Great Depression?
People began to hold their government accountable; the stock market was looked at. Then international trade was the biggest change.
The Great Depression led to widespread unemployment and economic contraction, impacting millions of families. It also resulted in significant political changes and global repercussions, influencing government policies for years to come.
What are the causes and effects of the Ottawa trek?
Causes work camps, relief camps, bad pay, and unemployment, prime minister, unions outlawed.
Effects trackers dealt with government officials and eventually gave up; Canadians were mad about how the government treated the union.
Explain how Hitler turned Germany into a world power in a short time
built new roads, ignored the Treaty of Versailles, and brought Germany out of the depression. most of europe were Nazis.
