We prepared and selected 10 questions about the 1929 Crisis so that you can prepare for your test, Enem or college entrance exams. Good studies!
Easy level
Exercise 01
The American economic recovery plan launched by Franklin Roosevelt was named:
a) American Way of Life.
b) New Deal.
c) Marshall Plan.
d) FTAA.
e) Good Neighbor Policy.
New Deal, or "New Agreement", was the name given by Roosevelt to the economic intervention plan that the US government carried out in an attempt to get the country out of the crisis.
Exercise 02
Which of the following events is not related to the context of the 1929 Crash?
a) End of World War I.
b) Crash of the New York Stock Exchange.
c) Overproduction crisis.
d) Rise of fascist regimes in Europe.
e) Belle Epoque.
The Belle Époque was a period before the First World War, and therefore occurred before the 1929 Crisis.
Exercise 03
Brazil was one of the countries directly affected by the 1929 Crisis, mainly because, at the time, it maintained high export rates to the United States. At the end of the 1920s, the main Brazilian export product was:
a) Coffee.
b) Corn.
c) Beans.
d) Soy.
e) Boards for electronic components.
Coffee has been the main Brazilian export product since the second half of the 19th century.
Middle level
Exercise 04
The 1930s in Europe saw the rise of far-right parties in countries such as Italy and Germany, led by Benito Mussolini and Adolf Hitler, respectively. On this subject, the relationship between these totalitarian regimes and the 1929 Crisis was:
a) The fact that the USA, the first and main country affected, developed an anti-capitalist policy with a Trotskyist bias, influencing a good part of Europe to follow its model.
b) Distrust in the pillars of capitalism, leading Italy and Germany to practice a communist economic model, based on equal distribution of income and the extinction of private property.
c) Regional issues related to the end of the First World War, which brought politics and economically the extreme right of the extreme left, which had the USSR as its main representative.
d) Disbelief in liberal values, leading these countries to reject political practices such as economic liberalism and liberal democracy.
e) The 1929 Crisis, which occurred in the USA, had nothing to do with the extreme right-wing totalitarian regimes in Italy and Germany.
Liberal ideals, based on political freedom and the appreciation of individual freedoms, were seen by totalitarian regimes as the main causes of the ills of their nations.
Exercise 05
Over time, historians and economists have developed some theories to explain the economic collapse of 1929. Among them is the theory of overproduction. About you, tick what is correct:
a) According to this theory, the Crisis of 1929 happened because the North American industries reduced the its production in the post-First World War, generating a shortage of products worldwide capitalist.
b) The theory of overproduction states that, shortly after the First World War, European countries greatly increased their production, generating a surplus of products and consequently leading the industries bankrupt.
c) According to this view, after the First World War, the US increased its production to meet European demand, which was recovering from the damage caused. However, when industries were able to resume their production, the US continued at the same speed, producing without having anyone to sell to.
d) According to this view, after the First World War, China increased its production to meet European demand, which was recovering from the damage caused. This caused the big capitalist countries to go through a crisis, as they could not compete with the price of Chinese industries.
e) The theory of overproduction states that, shortly after the First World War, Latin American countries began to develop their own industrialization. This generated a conflict of interests involving European countries and the US, as the latter had no one else to sell their products to.
With the end of the First World War, the US was responsible for supplying the demand left by European countries, given that their production had fallen sharply during the conflict. However, when they reestablished themselves and resumed their production, the North Americans maintained high productions. This led to the overproduction crisis: industries produced a lot even without having anyone to sell it to. The result of this was the bankruptcy of companies, banks and farmers, who had to suffer the losses of this great economic catastrophe.
Exercise 06
Regarding the consequences of the 1929 Crisis, mark what is correct:
a) The 1929 Crisis resulted, in later decades, in a latent weakening of the USA, failing to figure among the main global powers in later decades.
b) The 1929 Crisis caused a great climate of dissatisfaction with liberalism in some countries of the Europe, such as Italy and Germany, strengthening discourses of far-right movements in the Old Continent.
c) The main consequence of the Crisis of 1929 was the emergence of socialist ideas. Through the works of Karl Marx and Friedrich Engels, critics of this crisis, the USSR developed its economic model with the support of its population.
d) The 1929 Crisis resulted in an increase in the unemployment rate in the main capitalist countries, the spread of famine and an increase in the export of US products to other capitalist countries, since the US population no longer had the purchasing power to buy what their industries produced.
e) Despite receiving the name "Crisis", what happened in 1929 did not have a major impact or major consequences on the lives of ordinary citizens. The only ones affected were the owners of industries, who had to reduce their profits in order to avoid the increase in the unemployment rate in the USA.
Italy and Germany, who left the First War dissatisfied, began to contest the political ideals and economies of the countries which they accused were responsible for their decline in the period interwar. In this way, liberal democracy and economic liberalism became practices not supported by these far-right governments.
Hard level
Exercise 07
(Enem) "But the First World War was followed by a truly worldwide type of collapse, felt by the least everywhere men and women engaged in or made use of impersonal transactions of Marketplace. Indeed, even the proud USA, far from being a safe haven from the convulsions of less fortunate continents, has become the epicenter of what was the largest global earthquake measured on the Richter scale of economic historians — the Great Depression of the interwar."
HOBSBAWM, E. j. Age of extremes: the brief twentieth century (1914-1991). Sao Paulo: Cia. of Letters, 1995.
The Great Economic Depression that hit the USA and spread throughout the capitalist world was due to (the)
a) North American industrial production, caused by a false perspective of economic growth after the First World War.
b) German victory in the First World War and, consequently, its ability to compete economically with North American businessmen.
c) triggering of the Russian Revolution of 1917 and the formation of a new economic bloc, capable of competing with the capitalist economy.
d) Cold War, which characterized the interwar period, causing insecurity and economic crises in the world.
e) taking of economic measures by the US President Roosevelt, known as the New Deal, which led to the economic crisis in the world.
The US went through the overproduction process which, added to the high speculation on the Stock Exchange, led to a false sense of economic growth. The Great Depression was a result of these factors.
Exercise 08
(FATEC)
October 24, 1929 marks the beginning of what many historians consider the worst economic crisis in the history of capitalism. On that day, the New York stock exchange suffered the biggest drop in its history and, due to the centrality of the United States in the world economy, the crisis spread to several countries.
Among the factors causing the crisis, the following stand out:
a) the rise of Nazi-fascist regimes, with a strong nationalist appeal, in Italy and Germany, and the acceleration of economic growth of the so-called BRICS (Brazil, Russia, India, China and South Africa).
b) the mismatch between production and consumption in the US market, and the decrease in that country's exports to Europe, which generated an increase in inventories of agricultural and industrialized products and a sharp drop in the value of companies' shares on the market financial.
c) the indebtedness of the United States, as a result of the devastation that the country suffered in the First World War, and the bankruptcy of France and England, who failed to fulfill their financial commitments to the community International.
d) the sharp devaluation of the dollar in the international market, caused by the increase in the price of commodities agricultural practices of developing countries, and the import substitution policy, adopted by the economies Asian.
e) the protectionist measures adopted by the Soviet Union, favoring the industries of the countries of the East European market, and the customs barriers imposed on US products by members of the North Euro.
In the interwar period, with the drop in European production, the US had an increase in its export rate. However, even after the industries of the major European countries reestablished themselves, North American production remained high, which generated the problem of overproduction and, added to financial speculation on the stock exchanges, the Great Depression.
Exercise 09
(EsPCEx) The year 1930 was difficult for Brazilian coffee growers. According to historian Boris Fausto, coffee sales volume fell by more than 35% that year. The fundamental reason for the drop in exports of the product was the global crisis of capitalism.
The main cause of this world crisis was
a) The deindustrialization of the US economy, which ended up depleting the international market.
b) The overproduction of the industry of the United States of America, which grew beyond the needs of the domestic and international markets.
c) The vigorous industrialization of the Soviet Union, which satisfactorily supplied the internal and international markets.
d) The excess of financial capital in Europe, which directly affected the emergence of democratic governments in the Iberian Peninsula.
e) The crash of the Moscow Stock Exchange, which ended up causing bankruptcies of companies and banks and millions of unemployed people in the United States.
With overproduction, that is, production increasing without demand for it, the US witnessed one of the biggest crises in the history of financial capitalism.
Exercise 10
(UEA) The economic crisis of 1929, which began in the United States of America, soon extended to other economies in the world due to:
a) The location of US companies in Asian nations and the rise in stock prices on the New York Stock Exchange.
b) State interventionism in financial areas and capital flight from developing countries.
c) The nationalization of oil companies on a global scale and the general bankruptcy of capitalist states.
d) US capital invested abroad and the contraction of its import market.
e) Increased production of tropical products in the United States and disorganization of agro-export economies.
As the US was the main capitalist country at that time, its economy in crisis led smaller countries that depended on their consumer market to collapse as well.
Keep learning:
- World War II Exercises
- World War I Exercises
- Exercises on the Vargas Era
SOUZA, Thiago. 10 exercises on the Crisis of 1929 (with comments).All Matter, [n.d.]. Available in: https://www.todamateria.com.br/exercicios-crise-de-1929/. Access at:
See too
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- 10 exercises on US Independence (with commentary)
- World War I Questions
- Crash of 1929: learn the history of the Great Depression
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- Cold War Questions
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