Treaty of Versailles and German Hyperinflation

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Questions and Answers

What was one of the consequences of the overproduction during the Great Depression?

  • Expansion of social benefits
  • Negative growth rate in GDP (correct)
  • Rising tariffs on international trade
  • Increased production capacity

What was the main objective of the New Deal's agrarian policy during the Great Depression?

  • To reduce prices by increasing demand (correct)
  • To establish worker's rights
  • To regulate international trade
  • To increase production capacity

How did Hitler's economic policies aim to address Germany's economic challenges during the Great Depression?

  • By reducing production capacity
  • By increasing subsidies for the poorest
  • By seeking international trade partnerships
  • By striving for self-sufficiency (correct)

What was the primary purpose of the Marshall Plan implemented after World War II?

<p>To aid in the recovery and reconstruction of Europe (A)</p> Signup and view all the answers

What was a key provision of the Bretton Woods Agreement?

<p>Establishment of fixed exchange rates for major currencies (C)</p> Signup and view all the answers

What was the main impact of the Dawes Plan on Germany's economy?

<p>It facilitated an international loan to help reduce Germany's hyperinflation. (D)</p> Signup and view all the answers

What were the consequences of GSS revaluation for the UK?

<p>It caused an increase in value, making it less attractive and leading to more imports. (A)</p> Signup and view all the answers

What was the primary focus of the New Economic Policy (NEP) in the USSR?

<p>Decrease in agrarian prices and overproduction management. (C)</p> Signup and view all the answers

What distinguished Stalin's approach from Trotsky and Preobrazhensky in terms of industrialization?

<p>Stalin followed central planning, while Trotsky and Preobrazhensky favored a mix economy. (A)</p> Signup and view all the answers

What was the outcome of the Ruhr control of coal in Germany?

<p>It caused a decrease in production, leading to importation from the US and dollar depreciation. (C)</p> Signup and view all the answers

What was the primary impact of the Dawes Plan on Germany's economy?

<p>Stabilization of the German mark and reduction of hyperinflation (A)</p> Signup and view all the answers

What was the outcome of the Ruhr control of coal in Germany?

<p>No production and increased importation from the US (A)</p> Signup and view all the answers

How did GSS revaluation impact the UK's economy?

<p>Decrease in trade surplus and increase in gold reserves (A)</p> Signup and view all the answers

What was the main objective of the New Deal's agrarian policy during the Great Depression?

<p>Decrease in agrarian price and control of overproduction (C)</p> Signup and view all the answers

What distinguished Stalin's approach from Trotsky and Preobrazhensky in terms of industrialization?

<p>Fast industrialization and heavy industry focus (D)</p> Signup and view all the answers

What was the impact of overproduction during the Great Depression?

<p>More production capacity than purchasing capacity (C)</p> Signup and view all the answers

What was the main objective of the New Deal's agrarian policy during the Great Depression?

<p>Expansion of production capacity (C)</p> Signup and view all the answers

How did Hitler's economic policies aim to address Germany's economic challenges during the Great Depression?

<p>Achieve self-sufficiency (D)</p> Signup and view all the answers

What was one of the consequences of the revaluation of GSS for the UK?

<p>Decrease in export competitiveness (A)</p> Signup and view all the answers

What was a key provision of the Bretton Woods Agreement?

<p>Regulation of international capital markets (B)</p> Signup and view all the answers

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