All Flashcards
What were the causes and effects of the Treaty of Versailles?
Causes: Allied desire to punish Germany. Effects: Economic instability, resentment in Germany, rise of extremism.
What were the causes and effects of overproduction in the 1920s?
Cause: Industrialization. Effects: Surplus of goods, reduced demand, unemployment.
What were the causes and effects of the Stock Market Crash of 1929?
Causes: Speculation, inflated stock prices. Effects: Bank failures, business closures, mass unemployment, global depression.
What were the causes and effects of the New Deal?
Causes: Great Depression, mass unemployment. Effects: Job creation, social welfare programs, increased government role in the economy.
What were the causes and effects of Stalin's Five-Year Plans?
Causes: Desire for rapid industrialization. Effects: Increased industrial output, collectivized agriculture, famine, harsh punishments.
What were the causes and effects of the Allied powers needing German reparations?
Causes: Allied powers needing German reparations to repay their debts. Effects: Germany took loans from the U.S. to pay reparations.
What were the causes and effects of the Great Depression?
Causes: Debt crisis, overproduction, stock market crash. Effects: Forced governments to abandon the idea of a completely free market.
What were the causes and effects of the War Guilt Clause?
Causes: Germany was solely blamed for WWI. Effects: Fueled resentment and nationalism in Germany.
What were the causes and effects of Keynesian economics?
Causes: Governments should actively stimulate the economy through spending and public works projects. Effects: Helped end the Great Depression (along with WWII spending).
What were the causes and effects of the New Economic Policy (NEP - Lenin)?
Causes: State control of major industries, banks, and businesses. Effects: Increased industrial output, collectivized agriculture, famine, harsh punishments.
What is the Treaty of Versailles?
A peace treaty ending WWI that punished Germany and laid the groundwork for future conflict.
What are reparations?
Payments made by a defeated country to compensate for war damages.
What is the War Guilt Clause?
Article 231 of the Treaty of Versailles, blaming Germany solely for WWI.
What is Laissez-faire economics?
An economic system with minimal government intervention.
What is Keynesian economics?
An economic theory advocating government intervention to stimulate the economy.
What is the New Deal?
FDR's program of government spending and social welfare programs to combat the Great Depression.
What is Collectivized agriculture?
Shared farm units under the communist regime.
What is Corporatism?
State control over private companies and industries, uniting state, worker, and employer interests.
What is overproduction?
A surplus of goods due to industrialization exceeding demand.
What is the 'Polish Corridor'?
A strip of territory given to Poland that split Germany, giving Poland access to the sea.
Who was Franklin D. Roosevelt (FDR)?
U.S. President who implemented the New Deal to combat the Great Depression.
Who was John Maynard Keynes?
Economist who advocated for government intervention in the economy.
Who was Stalin?
Leader of the Soviet Union who implemented Five-Year Plans and collectivization.
Who was Lenin?
Implemented the New Economic Policy (NEP - Lenin).
Who was Adolf Hitler?
Exploited resentment over the Versailles Treaty to rise to power in Germany.
Who was Benito Mussolini?
Leader of Fascist Italy.
Who were the Allied powers?
The victorious Allied powers (primarily France, Britain, and the U.S.).
Who was blamed for WWI?
Germany was solely blamed for WWI.
Who was involved in the Russian Civil War?
After the Russian Civil War, communism took hold.
Who was involved in the New Deal?
FDR's program of government spending and reforms to combat the Great Depression.