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Europe Study Guide 3

Made from Teacher's Google Slides

TermDefinition
Economic continuum Economic continuum refers to a range of economic systems that exist between complete government control and complete individual control.
Economic continuum At one end of the spectrum is a command economy (0), where the government makes all economic decisions, while on the other end is a free-market economy (100), where individuals and businesses make decisions.
Economic continuum Between these two extremes, there are mixed economies where both the government and the private sector play a role in decision-making.
The Chernobyl Nuclear Disaster The Chernobyl Nuclear Disaster was a catastrophic accident that occurred at the Chernobyl Nuclear Power Plant in Ukraine on April 26, 1986.
The Chernobyl Nuclear Disaster It was caused by a flawed reactor design and human error which led to a massive explosion and the release of radioactive particles into the atmosphere. The disaster had severe environmental and health consequences for the surrounding area
The Collapse of the Soviet Union The Soviet Union collapsed due to a combination of factors, including economic inefficiency, political corruption, and social unrest. The Soviet economy was largely dependent on oil exports, and falling oil prices in the 1980s led to economic stagnation.
The Collapse of the Soviet Union The government's inability to address the country's economic problems, along with increasing political dissent, ultimately led to the collapse of the Soviet Union in 1991.
Why is the currency exchange important? Currency exchange plays a crucial role in the global economy and is essential for individuals, businesses, investors, and governments. Currency exchange is important for central banks and governments who need to manage their country's exchange rate.
Why is the currency exchange important? By buying and selling currencies, central banks can influence the value of their currency relative to other currencies, which can affect international trade and the domestic economy.
The Worldwide Depression The worldwide depression that began at the end of WWI was a severe economic downturn that lasted from 1929 to 1939. It was marked by high unemployment rates, a decline in international trade, and deflation.
The Worldwide Depression The depression was triggered by a stock market crash in the United States in 1929, which led to a global financial crisis. The effects of the depression were felt in many countries, including the United States, Canada, Europe, and Japan.
The Worldwide Depression The depression had a significant impact on the world economy, and it took many years for countries to recover from its effects.
Created by: tammyhick
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