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.
What was the Treaty of Versailles?
1919 peace treaty that punished Germany, leading to future conflict.
What happened in the Stock Market Crash of 1929?
The U.S. stock market plummeted, triggering a global economic crisis.
What was the New Deal?
FDR's program of government spending and reforms to combat the Great Depression.
What were Stalin's Five-Year Plans?
A focus on rapid industrialization and collectivized agriculture in the Soviet Union.
What was the Russian Civil War?
After the Russian Civil War, communism took hold.
What was the New Economic Policy (NEP - Lenin)?
State control of major industries, banks, and businesses.
What was the Great Depression?
A global economic downturn caused by debt, overproduction, and the stock market crash.
What was the effect of the Treaty of Versailles?
Crippled the German economy, fueled resentment and nationalism in Germany.
What was the effect of the Great Depression?
Forced governments to abandon the idea of a completely free market.
What was the effect of the Allied powers needing German reparations?
Allied powers needed German reparations to repay their debts.
