Podcast
Questions and Answers
What was the consequence of World War I on the international payments system?
What was the consequence of World War I on the international payments system?
- Distortions in production and trade (correct)
- Free movement of factors
- Proper functioning of the international payments system
- Limited intervention of the government in the economic life
Which country became the first economic power of the world after World War I?
Which country became the first economic power of the world after World War I?
- Belgium
- USA (correct)
- France
- Germany
What were the sanctions imposed on Germany by the Allies after World War I?
What were the sanctions imposed on Germany by the Allies after World War I?
- Proper functioning of the international payments system, limited intervention of the government, free movement of factors, distortions in production and trade
- Payments in kind, territorial cessions, demilitarization, payments in cash (correct)
- Free movement of factors, limited intervention of the government, proper functioning of the international payments system, protectionism
- Distortions in production and trade, poor functioning of the international payments system, workers and soldiers' claims, protectionism
What did J.M. Keynes propose regarding reparations after World War I?
What did J.M. Keynes propose regarding reparations after World War I?
Which two countries insisted on receiving enough reparations to cover their debts with the UK and USA?
Which two countries insisted on receiving enough reparations to cover their debts with the UK and USA?
What was the consequence of World War I on the role of governments in economic decision making processes?
What was the consequence of World War I on the role of governments in economic decision making processes?
What was the main reason for the occupation of the Ruhr area by France and Belgium?
What was the main reason for the occupation of the Ruhr area by France and Belgium?
What was the result of the Dawes Plan in 1924?
What was the result of the Dawes Plan in 1924?
What was the effect of the German hyperinflation on the middle classes?
What was the effect of the German hyperinflation on the middle classes?
What were the two main explanations for the German hyperinflation?
What were the two main explanations for the German hyperinflation?
What were the reasons behind the increase in prices during the German hyperinflation?
What were the reasons behind the increase in prices during the German hyperinflation?
What was the outcome of creating the rentenmark during the mark stabilization process?
What was the outcome of creating the rentenmark during the mark stabilization process?
What happened to the German mark in November 1923 as part of mark stabilization?
What happened to the German mark in November 1923 as part of mark stabilization?
What led to an increase in the supply of marks as mentioned in the text?
What led to an increase in the supply of marks as mentioned in the text?
What was the main impact of hyperinflation on imports?
What was the main impact of hyperinflation on imports?
What measure did Germany adopt to rebalance its budget during mark stabilization?
What measure did Germany adopt to rebalance its budget during mark stabilization?
What was the main impact of the Treaty of Versailles on Germany?
What was the main impact of the Treaty of Versailles on Germany?
What was the effect of the poor functioning of the international payments system after WWI?
What was the effect of the poor functioning of the international payments system after WWI?
What did J.M. Keynes propose regarding the war reparations after WWI?
What did J.M. Keynes propose regarding the war reparations after WWI?
What was the consequence of the Allies imposing sanctions on Germany after WWI?
What was the consequence of the Allies imposing sanctions on Germany after WWI?
What was the role of USA after WWI in terms of global economy?
What was the role of USA after WWI in terms of global economy?
How did the role of governments change in economic decision making processes after WWI?
How did the role of governments change in economic decision making processes after WWI?
What was the impact of the French and Belgian occupation of the Ruhr area in 1923?
What was the impact of the French and Belgian occupation of the Ruhr area in 1923?
What was the effect of German hyperinflation on the middle classes?
What was the effect of German hyperinflation on the middle classes?
