What was the main reason for the distrust of markets in developing countries after World War II?
Understand the Problem
The question is asking for the main reason behind the distrust of markets in developing countries following World War II. It presents four possible answer choices that relate to historical events and phenomena.
Answer
The rise of communism.
The main reason for the distrust of markets in developing countries after World War II was the rise of communism.
Answer for screen readers
The main reason for the distrust of markets in developing countries after World War II was the rise of communism.
More Information
After World War II, many developing countries were influenced by socialist and communist ideologies, which emphasized state control over markets. This was partly due to the failures seen in capitalist economies during the Great Depression and the global spread of communism as an alternative economic model.
Tips
A common mistake is assuming WWII only affected Europe and ignoring its influence on global ideological shifts.
Sources
- Development thought after World War II - Britannica - britannica.com
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