Interwar Period

To finance reparation payments to France and England, the governments of Austria and Germany relied on

• agricultural surpluses

• U.S. loans and investment.

• investment in British companies.

• infrastructure sales.

A troubling economic problem in the 1920s was the depressed state of agriculture caused by

• the success of several new communist regimes

• overproduction and falling prices

• the collapse of the cotton market in the southern United States

• dangerous underproduction

On Black Thursday, 24 October 1929,

• Adolf Hitler came to power in Germany

• Mussolini invaded Ethiopia.

• the U.S. stock market crashed.

• Stalin's bloodiest purges began in the Soviet Union.

During the Great Depression, most nations

• cooperated globally to fight the problem, on a scale never seen before.

• dramatically reduced tariffs in an effort to facilitate international trade

• pushed for an expansion of trade.

• practiced economic nationalism.

John Maynard Keynes

• first discussed the uncertainty principle.

• made early discoveries in psychoanalysis.

• warned that democracy was a threat to the achievements of western society.

• urged government to stimulate the economy by increasing the money supply.

Which of the following was NOT one of the chief actions of Roosevelt's New Deal?

• tighten the money supply

• give workers the right to organize and bargain collectively

• provide social security in old age

• guarantee minimum wages

The Russian civil war that broke out after the revolution was between

• utopian socialists and Trotskyites

• Reds, being the communists of Lenin's regime; and Whites, comprising a collection of anti-communist groups

• Leninists and Stalinists

• Nicholas II's Imperial Army and Lenin's Revolutionary Army.

Lenin's New Economic Policy of 1921

• pushed the peasants onto large, state-run collectives.

• stripped all land ownership away from the peasants

• called for a trading alliance with communist China.

• temporarily restored the market economy.

Which individual's surname means "man of steel"?

• Lenin

• Marx

• Trotsky

• Stalin

The First Five-Year Plan was

• a military scheme that called for a massive increase in arms production.

• designed to transform the Soviet Union from an agricultural nation into an industrial one.

• designed to increase the agricultural production of the Soviet Union and make it the world's leading food producer

• a communist plan to embrace capitalism in order to promote economic growth