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.