Trends in Contemporary Europe Flashcards
1
Q
Arab-Israeli War of 1973
A
Arab oil-producing nations stopped the flow of oil to those nations that had supported Israel
2
Q
Stagflation
A
combination of slowdown and inflation that developed into recession
3
Q
Big Science
A
stresses teamwork, the combining of theoretical research with engineering techniques, complex research facilities
4
Q
European Union
A
- Maastrich Treaty (1993) was the first major step toward European unification in the EU
- cooperation between 28 member states
5
Q
Euro
A
- 18 of the 28 members of the EU use it
- introduced in 1999
6
Q
Glasnost
A
- Gorbachev
- political and social reform
7
Q
Perestroika
A
- Gorbachev
- economic restructuring
8
Q
Commonwealth of Independent States
A
- formed in 1991
- formed by Russia, Ukraine, and Belarus
