10 Questions
What were the consequences of World War I on the international economic system?
Distortions in production and trade, workers and soldiers’ claims, poor functioning of the international payments system, and protectionism.
What characterized the international economic system before World War I?
Political and economic predominance of Europe, proper functioning of the international payments system, free movement of factors, and limited government intervention in the economic life.
What were the economic consequences of World War II?
American financial intervention, European and Japanese economic recovery, and distortions in production and trade.
What changes occurred in the international economic system after World War I?
Distortions in production and trade, workers and soldiers’ claims, poor functioning of the international payments system, and protectionism.
What characterized the international economic system before World War I?
Political and economic predominance of Europe, proper functioning of the international payments system, free movement of factors, and limited government intervention in the economic life.
What characterized the international economic system before World War I?
Proper functioning of the international payments system
What were the consequences of World War I on the international economic system?
Distortions in production and trade
What changes occurred in the international economic system after World War I?
Increased government assumption of imports
What characterized the international economic system after World War II?
Decreased government intervention in the economic life
What led to the poor functioning of the international payments system after World War I?
Workers and soldiers' claims
Quiz on the Crisis of Traditional Liberal Capitalism covering World War I, the Great Depression, and their economic consequences. Test your knowledge on the origins and development of the Great Depression and its impact on the global economy.
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