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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.