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Questions and Answers
What economic system did many countries move towards during World War II?
What economic system did many countries move towards during World War II?
- Feudalism
- Capitalism
- Socialism
- Autarky (correct)
What was a significant concern for the Western world after World War II?
What was a significant concern for the Western world after World War II?
- The establishment of autarkies worldwide
- The depletion of natural resources
- A potential return of the Great Depression (correct)
- The emergence of communist regimes
Which two countries began planning for a more open international economy during World War II?
Which two countries began planning for a more open international economy during World War II?
- France and Germany
- Japan and Italy
- Canada and Australia
- US and Great Britain (correct)
What was a challenge anticipated after World War II regarding military personnel?
What was a challenge anticipated after World War II regarding military personnel?
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What were countries particularly fearful of re-emerging after World War II?
What were countries particularly fearful of re-emerging after World War II?
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Study Notes
World War II and Economic Policy
- During World War II, countries pursued economic self-sufficiency (autarky).
- Despite the war, the US and Great Britain were already planning for a more open global economy after the conflict.
- There was significant fear of a post-war economic downturn due to the potential return of restrictive trade policies and limited capital movement.
- Concerns also arose about the challenges of reintegrating military personnel into the workforce.
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