The First World War and Global Economic Crisis

These flashcards cover key concepts regarding the First World War and the subsequent global economic crisis, focusing on major events, social changes, and economic realities.

What represented the end of an old order and the start of a new one during the early 20th century?

The First World War and the Global Economic Crisis.

What was a significant socioeconomic change prompted by the mass industrial age?

The organization of economies, societies, and politics to the logic of mass industrial age.

What key outcome resulted from the First World War regarding the global society?

It determined the shape of global society for the remainder of the century.

What does 'total war' signify in the context of the First World War?

The mass mobilization of whole societies and economies to prosecute the war.

Who was the assassin responsible for Archduke Ferdinand's death leading to the war?

Gavrilo Princip.

What was the main reason for Britain joining the war in defense of Belgium?

Germany's violation of Belgian neutrality under the Schlieffen Plan.

What were the two principal military alliances during the First World War?

The Central Powers and the Allied Powers (Triple Entente).

What was the major battle known for initiating the war’s deadly stalemate?

The First Battle of the Marne.

What did the Treaty of Versailles demand from Germany?

Admission of total culpability for the war and payment of significant reparations.

What economic challenges did ordinary people face after the war?

Disruption, hardship, grief, and struggles in daily life.

What historic epidemic followed the First World War and exacerbated its effects?

The Great Influenza Epidemic.

What spurred the return of an economic boom during the 1920s in the USA?

Policies of the Harding and Coolidge administrations.

What catastrophic event began in 1929 and lasted a decade affecting the global economy?

The Great Depression.

What was one major consequence of the Great Depression on employment?

Unemployment rates reached 25% at the peak in 1933.

What program did Franklin Delano Roosevelt implement to combat the economic crisis?

The New Deal.

How did free-market capitalism perform during the 1930s?

It failed to address the economic challenges of the Great Depression.