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7.4 Economy in Inter
AP World History 7.4 Economy in Interwar Period
| Question | Answer |
|---|---|
| What was government involvement in economic life after 1900? | Following World War I and the onset of the Great Depression, governments began to take a more active role in economic life. |
| What was the "New Deal"? Why was it created? | New Deal: great depression causes (natural ups and downs, stock market crash, banks fail, overproduction, $ supply imbalance); FDR 1933 welfare, work projects, Social Security, FDIC, did it help? |
| What did the UK have to abandon? | the UK as in many other countries abandoned the gold standard |
| What influences did the French government have to deal with? | increasing influence of communism and socialists in French government; |
| What was a Fascist Corporatist Economy? | Fascist corporatist economy (controlled; corporate economy): Italy, Mussolini FUN FACTS (dictatorial, imperialistic/war as positive, nationalism/cultural unity) |
| What were governments that had strong popular support? | Governments with strong popular support in Brazil and Mexico: populist (define), Vargas |
| What was a "Populist"? | “Populist [more government control] typically aligns with Conservatives on social issues and with Liberals on fiscal/monetary issues–or economic equality issues. |
| What did Populists support when it came to government's role? | Populists generally support a significant governmental role in providing greater economic equality through social welfare programs, often favoring economic regulation of business. |
| What is another name for Populists? Why? | Populists are sometimes called social conservatives because they have similar views on issues such as abortion and marriage.” same source as graphic, see below |
| What were "Five Year Plans"? What government uses these? | In the Soviet Union, the government controlled the national economy through the Five Year Plans, often implementing repressive policies, with negative repercussions for the population. |
| What happened under Lenin? | Lenin d.1924, civil war (US and others intruded) first famines (US sent aid) and retraction |
| What happened under Stalin? | Stalin: greater famine, purges, he did industrialize the USSR Great Depression didn’t hurt them as much since they were already poor! |
Created by:
Saenz2004
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