AP World History: Modern / Unit 7: Global Conflict (c. 1900–present)
7.4 Economy in the Interwar Period
Notes
The Great Depression (1929) spread worldwide. Responses varied: the New Deal (US), Keynesian ideas, Stalin's Five-Year Plans (USSR), and fascist economic control. Hardship helped extremists rise.
Practice
Stalin's Five-Year Plans focused on:
State-planned economy.
Keynesian economics recommends:
Demand management.
The Great Depression helped fascism rise by:
Economic crisis.
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