2.1.7 Practice Comparing Responses To The Global Depression

Question: Germany’s response

Answer: -First used a democratic government known as the Weimar Republic which failed to save the economy, people lost faith in democracy

• Then Hitler gains popularity and uses harsh rule to bring Germany out of the depression

• Question: Great Britain’s Response

• Answer: -Cut back on money supply to limit inflation

• -lowered interest rates to encourage spending

• - raised tariffs on trading goods to protect _______business as well as raised taxes

• -controlled government spending

• -cut back on other government programs

• Question: U.S. Hoover’s response

• Answer: - Sent indirect help to banks by sending them loans to avoid bankruptcy

• -Focused on volunteerism to raise funds for relief

• -Worked to help restore faith of the economy

• Question: U.S. FDR’s response

• Answer: -Made the New Deal which created…

• -Benefits for retired, disabled, and unemployed

• -Social Security act which created jobs for people

• -programs that helped to bring _______ out of the Depression

• -Public building projects that provided food and housing. It also stimulated industry.