Chapter 17 Vocab Flashcards
Reduced Germany’s reparation payments and coordinated them with Germany’s ability to pay
Dawes Plan
Germany’s chief industrial and mining region
Ruhr Valley
Guaranteed Germany’s western border with France and Belgium
Treaty of Locarno
Sixty-three nations signed an agreement to renounce war, but nothing was said about what would happen if anybody went to war
Kellogg - Briand Pact
Period of low economic activity and rising unemployment
Depression
Democratic government that governed Germany from the end of WWI to the rise if Hitler
Weimer Republic
The right of unions to negotiate with employers over wages and hours
Collective bargaining
British economist that believed that during recessions governments should put people to work on public works projects to stimulate demand
John Maynard Keynes
Occurs when the government spends more money than it collects in taxes.
Deficit spending
President of the U.S. during the Great Depression
Franklin Delano Roosevelt
Various legislation passed in the U.S. during the Great Depression to stimulate economic growth
New Deal
Government that aims to control the political, economic, social, intellectual, and cultural lives of its citizens.
Totalitarian state
Political philosophy that glorifies the state above the individual by emphasizing the need for a strong central government led by a dictatorial ruler
Fascism
Fascist leader of Italy from 1922-1943
Benito Mussolini
Economic plan of modified capitalism instituted by Lenin to grow the soviet economy
New Economic Policy (NEP)
