All Flashcards
Compare Keynesianism and Classical Economics.
Keynesianism advocates for government intervention; classical economics favors laissez-faire.
Compare Cooperative Social Action and Popular Front Policies.
Both aimed to reduce poverty and promote equality; CSA emphasized cooperation, while PFP focused on nationalization.
Compare the economic situations in Germany and the US after WWI.
Germany faced hyperinflation and debt, while the US experienced an economic boom.
Compare the causes of the Great Depression in the US and Europe.
US: Stock market crash. Europe: WWI debt, dependence on US loans.
Compare the responses to the Great Depression in Scandinavia and France.
Scandinavia: Cooperative Social Action. France: Popular Front Policies.
Compare the economic impact of WWI on Great Britain and Germany.
Both suffered, but Germany faced the additional burden of reparations, leading to hyperinflation.
Compare the economic policies of JFK and classical economics.
JFK's policies, influenced by Keynesian ideas, advocated government intervention, while classical economics favored laissez-faire.
Compare the long-term effects of the Dawes Plan and the Treaty of Versailles on Germany.
Dawes Plan provided temporary relief, while the Treaty of Versailles created long-term economic burdens.
Compare the rise of authoritarian leaders in Italy and Germany during the interwar period.
Both exploited economic hardship and nationalist sentiment, but their specific ideologies differed.
Compare the role of the US in the European economy before and after the Stock Market Crash of 1929.
Before: Lender and stabilizer. After: Trigger of economic collapse.
What were the causes and effects of WWI debt?
Cause: Massive war expenses. Effect: Hyperinflation in Germany, economic instability.
What were the causes and effects of the Dawes Plan?
Cause: Attempt to stabilize German economy. Effect: Temporary stabilization, dependence on US loans, collapse after the 1929 crash.
What were the causes and effects of the US Stock Market Crash?
Cause: Over-speculation, buying on margin. Effect: Triggered the Great Depression, collapse of Dawes Plan.
What were the causes and effects of the Great Depression?
Cause: Stock market crash, banking failures. Effect: Widespread unemployment, poverty, rise of extremism.
What were the causes and effects of widespread poverty?
Cause: Economic instability, unemployment. Effect: Fertile ground for extremist ideologies.
What were the causes and effects of the Treaty of Versailles?
Cause: Allied powers seeking retribution. Effect: Massive reparations for Germany, economic instability.
What were the causes and effects of US Loans?
Cause: Supporting European allies during WWI. Effect: European dependence on US economy, Dawes Plan.
What were the causes and effects of buying on margin?
Cause: Desire for quick profit. Effect: Increased stock market speculation, amplified crash impact.
What were the causes and effects of the Post-War Boom?
Cause: Increased industrial production. Effect: Consumer-driven economy, stock market investments.
What were the causes and effects of the Stock Sell-Off?
Cause: Peaked stock prices. Effect: Rapid market drop, margin call crisis.
What was the Treaty of Versailles?
A treaty that imposed heavy reparations on Germany after WWI, contributing to economic instability.
What was the Dawes Plan?
A US-engineered plan to stabilize the German economy by providing loans and restructuring reparations payments.
What was the US Stock Market Crash of 1929?
A sudden and devastating collapse of stock prices on Wall Street, triggering the Great Depression.
What was the Great Depression?
A severe worldwide economic downturn in the 1930s, marked by widespread unemployment and poverty.
What were Popular Front Policies?
A coalition of left-wing parties in France aimed to reduce poverty and promote equality through nationalization and social welfare programs.
What was the impact of WWI?
Great Britain, France, Russia, Belgium, and Germany suffered the most significant economic damage.
What was the effect of the US loans?
The United States provided loans to European allies during the war, expecting repayment afterward.
What was the effect of Germany printing money?
Germany's attempt to print money to cover debts led to hyperinflation, severely destabilizing their economy.
What was the effect of the Post-War Boom?
The US experienced an economic boom after WWI, with increased industrial production and a growing workforce.
What was the effect of the Stock Sell-Off?
When stock prices peaked, many began selling, causing a rapid drop in the market.