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All questions of World Depression of 1929-34 for UPSC CSE Exam
Which country was severely affected by hyperinflation during the Great Depression?- a)Germany
- b)United Kingdom
- c)France
- d)Japan
Correct answer is option 'A'. Can you explain this answer?
Which country was severely affected by hyperinflation during the Great Depression?
a)
Germany
b)
United Kingdom
c)
France
d)
Japan
|
Zara Khan answered |
Germany was severely affected by hyperinflation during the Great Depression. Hyperinflation reached its peak in 1923, causing the value of the German mark to plummet dramatically. This economic crisis further worsened the already difficult conditions in Germany during that period.
Which international organization was established in response to the Great Depression to promote monetary cooperation and stabilize currency exchange rates?- a)World Bank
- b)International Monetary Fund (IMF)
- c)World Trade Organization (WTO)
- d)United Nations (UN)
Correct answer is option 'B'. Can you explain this answer?
Which international organization was established in response to the Great Depression to promote monetary cooperation and stabilize currency exchange rates?
a)
World Bank
b)
International Monetary Fund (IMF)
c)
World Trade Organization (WTO)
d)
United Nations (UN)
|
|
Zara Khan answered |
The International Monetary Fund (IMF) was established in response to the Great Depression. It was created in 1944 at the Bretton Woods Conference to promote monetary cooperation, exchange rate stability, and provide financial assistance to member countries facing balance of payments problems.
During the Great Depression, which economic theory gained popularity and advocated for limited government intervention in economic matters?- a)Keynesian economics
- b)Monetarism
- c)Laissez-faire economics
- d)Supply-side economics
Correct answer is option 'C'. Can you explain this answer?
During the Great Depression, which economic theory gained popularity and advocated for limited government intervention in economic matters?
a)
Keynesian economics
b)
Monetarism
c)
Laissez-faire economics
d)
Supply-side economics
|
|
Zara Khan answered |
During the Great Depression, the economic theory that gained popularity and advocated for limited government intervention in economic matters was Laissez-faire economics. This theory argues that markets should be left to self-regulate and that government interference could hinder economic recovery.
What was the primary trigger of the World Depression of 1929-34?- a)The collapse of the stock market in the United States
- b)The rise of totalitarian regimes in Europe
- c)The outbreak of World War I
- d)The discovery of new trade routes
Correct answer is option 'A'. Can you explain this answer?
What was the primary trigger of the World Depression of 1929-34?
a)
The collapse of the stock market in the United States
b)
The rise of totalitarian regimes in Europe
c)
The outbreak of World War I
d)
The discovery of new trade routes
|
Ananya Deshmukh answered |
The primary trigger of the World Depression of 1929-34 was the collapse of the stock market in the United States, known as the "Wall Street Crash." It occurred on October 29, 1929, and resulted in a severe economic downturn worldwide, leading to the Great Depression.
Which country's economy was the least impacted during the Great Depression?- a)United States
- b)United Kingdom
- c)Canada
- d)Soviet Union
Correct answer is option 'D'. Can you explain this answer?
Which country's economy was the least impacted during the Great Depression?
a)
United States
b)
United Kingdom
c)
Canada
d)
Soviet Union
|
|
Zara Khan answered |
The Soviet Union's economy was the least impacted during the Great Depression. Due to its centrally planned economy, the Soviet Union was less integrated into the global capitalist system and was not as affected by the market collapses and financial crises that plagued other countries during the 1930s.
Which region experienced a significant influx of people during the Great Depression due to the "Dust Bowl" migration?- a)New England
- b)Midwest
- c)Great Plains
- d)West Coast
Correct answer is option 'D'. Can you explain this answer?
Which region experienced a significant influx of people during the Great Depression due to the "Dust Bowl" migration?
a)
New England
b)
Midwest
c)
Great Plains
d)
West Coast
|
|
Zara Khan answered |
The West Coast experienced a significant influx of people during the Great Depression due to the "Dust Bowl" migration. Many people from the drought-ridden and economically devastated Great Plains migrated to California and other West Coast states in search of better opportunities.
The Dust Bowl, a severe ecological and agricultural disaster, occurred during the Great Depression in which country?- a)United States
- b)Canada
- c)Australia
- d)Brazil
Correct answer is option 'A'. Can you explain this answer?
The Dust Bowl, a severe ecological and agricultural disaster, occurred during the Great Depression in which country?
a)
United States
b)
Canada
c)
Australia
d)
Brazil
|
|
Zara Khan answered |
The Dust Bowl occurred in the United States during the Great Depression. It was a period of severe dust storms and droughts that devastated agricultural areas, particularly in the Great Plains. The combination of poor farming practices and extreme weather conditions led to widespread soil erosion and crop failures.
Which of the following is NOT considered one of the underlying causes of the Great Depression?- a)Overproduction and overexpansion of industries
- b)Excessive borrowing and credit expansion
- c)Global economic cooperation and coordination
- d)Speculative stock market practices
Correct answer is option 'C'. Can you explain this answer?
Which of the following is NOT considered one of the underlying causes of the Great Depression?
a)
Overproduction and overexpansion of industries
b)
Excessive borrowing and credit expansion
c)
Global economic cooperation and coordination
d)
Speculative stock market practices
|
Meera Kapoor answered |
Global economic cooperation and coordination are not considered one of the underlying causes of the Great Depression. In fact, a lack of international cooperation and the implementation of protectionist policies by many countries contributed to the severity and duration of the economic downturn.
Which major piece of legislation in the United States aimed to regulate the stock market and prevent another market crash?- a)Glass-Steagall Act
- b)Securities Act of 1933
- c)Social Security Act
- d)Federal Reserve Act
Correct answer is option 'B'. Can you explain this answer?
Which major piece of legislation in the United States aimed to regulate the stock market and prevent another market crash?
a)
Glass-Steagall Act
b)
Securities Act of 1933
c)
Social Security Act
d)
Federal Reserve Act
|
|
Zara Khan answered |
The Securities Act of 1933 was a major piece of legislation in the United States that aimed to regulate the stock market and prevent another market crash. It required companies to provide accurate information to investors and established the basis for financial regulation to protect investors from fraudulent practices.
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