The Great Depression

Q. Why is the period from 1929 to mid-1930s known as the Great Depression?

1. It resulted in unemployment.
2. There was a decline in production.
3. Number of civilian deaths increased.
4. An epidemic broke out.

Q. Identify the features of the welfare states from the following.

1. Ensuring employment opportunities
2. Food security
3. Healthcare
4. Accumulating weapons

Q. Which of the following factors led to the Great Economic Depression of 1929-1932?

1. Nazism
2. The US Stock Market Crash
3. Brest-Litovsky Pact
4. Formation of Soviet Union

Q. Which of the following statement(s) is/are true about the Great Depression?

1. There was a decline in the demand of goods which led to a decline in production.
2. There was a decline in demand due to decline in production.
3. The prices of goods were low throughout the Great Depression.
4. The Great Depression resulted in massive unemployment.

Q. Which of the following could be true about the role of women during World War I?

1. Women were confined to their homes due to the violent circumstances.
2. Women took on new roles in the workforce, in war production and agriculture.
3. Women were sent to the frontlines of the war to serve in combat roles, all across the world.
4. Women served as nurses in military hospitals during the war.

Q. Which of the following statement(s) is/are true regarding the social security system in the USA?

1. Permanent system of universal retirement pensions
2. Unemployment insurance
3. Welfare benefits for all children
4. Employment insurance

Q. 29 October, 1929 is also known as .

1. Black Monday
2. Black Tuesday
3. Black Thursday
4. Black Friday

Q. The world spiralled into Great Depression on Black Tuesday. Arrange the following events in chronological order that led to this:

1) Investors traded 16 million in a day.

2) USA got its economy on track after the First World War.

3) The economy of USA was booming and it attracted more investors.

4) New York Stock Exchange crashed.

5) Investors went broke.

1. 1, 2, 3, 4, 5
2. 2, 4, 3, 1, 5
3. 3, 4, 2, 1, 5
4. 2, 3, 4, 1, 5

Q. S1: Farmers produced more agricultural products in order to compensate for lower prices in the market.

S2: The lowered rates of crops and farm incomes was a major factor that led to the Great Depression around the world.

Select the most appropriate option from the following:

1. S1: True; S2: False
2. S1: False; S2: True
3. S1: True; S2: True; S1 is the reasons for S2
4. S1: True; S2: True; S1 and S2 are independent sentence

Q. What was the immediate cause of the Great Economic Depression ?

Q. Which of the following statements is/are true regarding the Great Depression?

1. Marxists blamed Capitalism for causing Great Depression.
2. M Keynes blamed the government of Germany for rise in goods price.
3. It led to better job opportunities and better living
4. Franklin D. Roosevelt introduced the social security system in the USA.

Q. I was born in the summer of 1929, in one of today's global powers. My arrival was felt all around the world. I travelled across different countries but my birthplace arguably felt my presence the most. I was responsible for a rise in unemployment across the globe. Who am I?

1. The Spanish Flu
2. World War I
3. The Great Depression
4. World War II
5. Rinderpest

Q. VERY SHORT ANSWER TYPE QUESTION
Hitler assigned the responsibility of economic recovery to the economist Hjalmar Schacht. Then why did he remove him?

Q. All the following were contributing causes of the Great Depression except:

1. Frequent fluctuations in share prices
2. The existence of Hoovervilles
3. Widespread bank failures
4. Widespread business failures
5. Margin buying

Q. Capitalism led to , where the countries exerted their power through in order to gain control of other regions.

1. treaties
2. wars
3. military force
4. imperialism

Q. Which of the following was the major cause of the Depression of 1929?

1. Too few dollars in circulation
2. Low tariffs
3. Overproduction and under consumption of goods, causing the prices of goods to decrease
4. An increase in the number of exports
5. Overproduction and over consumption of goods, creating a shortage of goods

Q. On which day did the New York Stock Exchange crash?

1. 28 August, 1929
2. 27 September, 1927
3. 29 October, 1929
4. 25 November, 1928

Q. Social insurance involves the establishment of a common monetary fund out of which the benefits are paid.

1. True
2. False

Q. Which of the following statement(s) is/are true regarding the ideas of the economist JM Keynes?

1. He rejected the role of the state in creating employment opportunities.
2. He came up with a relief program called the New Deal.
3. He wanted the state to invest money and generate more employment.
4. He believed that the state is responsible for keeping the economy healthy.

Q. The stock market crash of October 29, 1929, had all the following effects except:

1. Shareholders were forced to sell their stocks at huge losses.
2. Businesses failed when banks called in loans they could not repay immediately.
3. Brokers demanded immediate payment of money owed to them for stocks purchased on margin.
4. Borrowers began defaulting on their loan payments to banks, triggering widespread bank failures.
5. More and more people began buying on credit because there was a shortage of cash.

Q. The US stock market exchange faced a huge crash in ________.

1. 1929
2. 1928
3. 1926
4. 1927

Q. Why women gradually lost their industrial job?

1. Because of increase in population
2. Because of increase in crime
3. Because of technological development
4. All of above

Q. Which of the following is the most important cause of the Great Agrarian Depression?

1. Closure of factories
2. Crash ofstock market
3. Closure of banks
4. Over production and fall of agricultural prices
5. None of these

Q. How did the US revive its economy after its entry into the Second World War?

1. By reducing the expenditure on army
2. By reducing the demand for farm produce
3. By increasing the expenditure on army
4. By eliminating farm produce

Q. Marxists argued thatwas the root cause of the Great Depression.

1. socialism
2. capitalism
3. feudalism

Q. Capitalism led to , where the countries exerted their power through in order to gain control of other regions.

1. treaties
2. wars
3. military force
4. imperialism

Q. The US stock market exchange faced a huge crash in the year ___________.

1. 1929
2. 1928
3. 1927
4. 1926

Q. Which country was the centre of Great Depression of 1929?

1. England
2. Germany
3. USA
4. France

Q. Which of the following factors led to the Great Economic Depression of 1929-1932?

1. Nazism
2. Brest-Litovsky Pact
3. Formation of Soviet Union
4. The US Stock Market Crash

Q. Of the following which is not essential for a welfare state ?

1. Efficient administration
2. People's Participation in administration
3. Preaching of the morals
4. Social security system