All Flashcards
Who was Charles Dawes?
An American banker who created the Dawes Plan to stabilize the German economy after WWI.
Who was John Maynard Keynes?
A British economist who developed Keynesianism, advocating for government intervention in the economy.
Who was JFK?
His economic policies in the US were influenced by Keynesian ideas.
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.