Economic and Political Events Quiz

What is market speculation?

• Avoiding stock market investments altogether

• Investing in the stock market with guaranteed profits

• Risky investment in the stock market in the hope of quick, high profits

• A safe investment strategy in the stock market

What happened on Black Tuesday (October 29, 1929)?

• The stock market reached its highest point

• Millions of investors ordered their brokers to sell, but there were practically no buyers

• The government introduced new stock market regulations

• The stock market was closed for the day

What was the Great Depression?

• A short-term economic downturn in the 1920s

• The economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s

• A period of high inflation and increased trade

• A period of rapid economic growth

What is inflation?

• A period of economic stagnation

• A general increase in prices and fall in the purchasing value of money

• A sudden drop in stock market prices

• A decrease in prices and increase in the purchasing value of money

What characterizes a depression?

• High levels of trade and investment

• A temporary economic slowdown

• A long-term economic state with unemployment, low prices, and low levels of trade and investment

• Rapid economic growth and development

What are tariffs?

• Fees for stock market transactions

• Taxes on imported goods

• Subsidies for local businesses

• Taxes on exported goods

What was the Weimar Republic?

• A monarchy established in Germany after World War I

• A democratic government established in Germany after World War I

• A communist regime in Germany during the 1920s

• A military dictatorship in Germany after World War I

Why did the Weimar Republic lose public support by the late 1920s?

• Due to rampant inflation

• Due to military victories

• Due to increased trade

• Due to economic prosperity

What did Hitler and the Nazi party claim about Germany's loss in World War I?

• Germany lost due to poor military strategy

• Germany lost on the home front, not on the battlefield

• Germany lost due to lack of resources

• Germany lost because of international alliances

What was the Popular Front in France known for?

• Starting World War II

• Promoting free trade policies

• Initiating a program of workers' rights

• Ending the Great Depression