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Level 200

Inter-War Years: Europes Search for Stability

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The Consequences of Peace
written by Keynes; expressed his negative view towards the treaty
John Maynard Keynes
In the 1930s, Keynes spearheaded a revolution in economic thinking, overturning the older ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as …
The Business Cycle
Reoccurring increases and decreases in the level of economic activity over periods of years; consists of peak, recession, trough, and expansion phases
a long-term economic state characterized by unemployment and low prices and low levels of trade and investment
Slowdown in the economy
A form of government in which individual freedoms are denied and complete power is given to the government.
National Socialist German Worker's Party
Abbreviated NAZI, it called for the repudiation of the Treaty of Vienna, the unification of Austria and Germany, and the exclusion of Jews from German citizenship
Joseph Stalin
He tried to crush all opposition and ruled as the absolute dictator of the U.S.S.R. until his death.
Adolf Hitler
Dictator of Germany