AP World 7.4,5,6

Which country turned radically to the right as a response to the post-World War I economic crisis?

• The United States

• Russia

• Italy

• Germany

How did the Treaty of Versailles affect Germany after World War I?

• It provided Germany with financial aid.

• It forced Germany to pay reparations to the war's victors.

• It allowed Germany to avoid paying any reparations.

• It led to a period of economic prosperity in Germany.

What was one of the major causes of the global economic downturn in 1929?

• Agricultural underproduction

• The collapse of the United States' stock market

• An increase in global trade

• Successful repayment of war debts by France and Britain

What did the inflation in Germany during the 1920s lead to regarding the value of German money?

• The value of German money increased significantly.

• The value of German money remained stable.

• The value of German money decreased drastically.

• The value of German money was pegged to the gold standard.

Who was the British economist that rejected the laissez-faire ideal and concluded that intentional government action could improve the economy during a depression?

• Adam Smith

• David Ricardo

• John Maynard Keynes

• Milton Friedman

What was the set of policies and programs created by President Franklin Delano Roosevelt and his backers to address the Great Depression in the United States known as?

• The Big Deal

• The New Deal

• The Fair Deal

• The Square Deal

When did the Great Depression finally end according to the text?

• After the implementation of the New Deal

• When the United States entered World War II in 1941

• With the election of a new president

• In 1938 when global production started to increase

What did Joseph Stalin do after abandoning Lenin's NEP?

• He continued the NEP with some modifications

• He introduced the first Five-Year Plan

• He reinstated private trade on a large scale

• He promoted small scale private farming

What was the purpose of collectivization of agriculture under Stalin?

• To allow peasants to manage their own land

• To distribute land among the peasants equally

• To transform the USSR into an industrial power

• To increase the Russian economy's reliance on agriculture

What was the Institutional Revolutionary Party (PRI) known for in Mexican politics?

• It was known for its laissez-faire economic policies.

• It dominated Mexican politics for most of the 20th century and was considered corporatist.

• It was a minor party with little influence on the political system.

• It promoted foreign investment in the Mexican oil industry.