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The Weimar Republic's economy was severely destabilized, and the value of the German mark collapsed.
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To reduce imports and protect domestic industries from foreign competition.
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The rapid devaluation of the German mark led to extreme economic hardship, with everyday goods becoming unaffordable.
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Unemployment rates soared as businesses failed, banks collapsed, and industries contracted.
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Black Tuesday, the stock market crash of 1929.
1.
Which of the following was a significant consequence of hyperinflation in Germany during the early 1920s?
The German government was able to pay off reparations quickly.
Germany experienced rapid industrial growth, leading to increased prosperity.
The Weimar Republic's economy was severely destabilized, and the value of the German mark collapsed.
The Weimar Republic established a strong international trade network.
2.
What was the main goal of protectionist policies implemented by many countries during the Great Depression?
To increase international trade and global economic cooperation
To reduce imports and protect domestic industries from foreign competition
To encourage foreign investment in local economies
To reduce unemployment by exporting more goods
4.
Primary Source 1: Excerpt from a German newspaper article (1923)
"The streets are filled with people carrying wheelbarrows of paper money, struggling to buy even a loaf of bread. The value of our currency has dropped to nothing. The Weimar government has failed to control inflation, and the people are growing desperate."
What does this excerpt suggest about the impact of hyperinflation in Germany?
Hyperinflation had little effect on the general population, who continued to live comfortably.
Germany's economy was thriving as the paper money became more valuable.
The rapid devaluation of the German mark led to extreme economic hardship, with everyday goods becoming unaffordable.
The Weimar government successfully controlled inflation and stabilized the economy.
5.
How did the Great Depression affect unemployment rates worldwide?
Unemployment decreased due to government intervention and public works programs.
Unemployment was primarily limited to agricultural workers, with urban areas unaffected.
Unemployment rates soared as businesses failed, banks collapsed, and industries contracted.
Unemployment remained relatively stable due to growing international trade.
6. What event marked the beginning of the Great Depression in the United States?
Black Tuesday, the stock market crash of 1929
The establishment of the Federal Reserve
The signing of the Smoot-Hawley Tariff
The Dust Bowl
1 answer