AP World History Unit Seven: Economics during the Interwar Period
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Questions and Answers

What was one of the main reasons for the economic struggles during the interwar period as discussed in the text?

  • Lack of government intervention
  • Loss of workforce and heavy expenditure on the war effort (correct)
  • Overabundance of resources
  • Decrease in international trade
  • How did the Treaty of Versailles impact Germany's economy after World War I?

  • It aggravated their debt with massive reparations (correct)
  • It gave Germany control over international trade
  • It provided financial aid to rebuild the German economy
  • It imposed no financial obligations on Germany
  • What effect did printing more money have on Germany's economy during the interwar period?

  • Deflation resulting in a strong currency
  • Hyperinflation due to plummeting value of the German mark (correct)
  • Increased foreign investment
  • Stable exchange rates
  • How did Germany's hyperinflation affect other nations according to the text?

    <p>Impacted nations to which Germany owed reparations</p> Signup and view all the answers

    Which term best describes the economic situation in Germany by November 1923, based on the text?

    <p>Hyperinflation crisis</p> Signup and view all the answers

    What struggle did the Soviet Union face post-World War I as mentioned in the text?

    <p>Difficulty in repaying war debts</p> Signup and view all the answers

    Which economist advocated for government intervention to stimulate the economy through deficit spending?

    <p>John Maynard Keynes</p> Signup and view all the answers

    Which country implemented the New Deal to create jobs, build infrastructure, and stimulate economic growth?

    <p>United States</p> Signup and view all the answers

    Who introduced a series of five-year plans to industrialize Russia after Lenin's death?

    <p>Joseph Stalin</p> Signup and view all the answers

    Which political party in Mexico nationalized the oil industry to improve the economy?

    <p>Institutional Revolutionary Party (PRI)</p> Signup and view all the answers

    In which country did Benito Mussolini reorganize the economy into corporate entities under fascist control?

    <p>Italy</p> Signup and view all the answers

    Which leader of Brazil implemented reforms similar to those in Italy after coming to power in 1930?

    <p>Getúlio Vargas</p> Signup and view all the answers

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