Economies in the Interwar Period and the Great Depression-->7.4

Great Depression

Global economic downturn from 1929 to 1939.

Laissez-Faire Economics

Minimal government intervention in economic affairs.

Hyperinflation

Rapid, excessive price increases in an economy.

Margin Trading

Borrowing money to purchase stocks or securities.

New Deal

FDR's plan for economic recovery in the US.

Deficit Spending

Government spending exceeding its revenue.

Five-Year Plans

Stalin's economic plans for rapid industrialization.

New Economic Plan (NEP)

Lenin's policy reintroducing private trade.

Tariff

Tax on imported goods to protect domestic industries.

Fascism

Authoritarian government emphasizing nationalism and militarism.

Corporatism

Economic organization where sectors serve the state.

Joseph Stalin

Soviet leader advocating heavy government economic control.

Benito Mussolini

Founder of Italy's fascist government.

Francisco Franco

Dictator of Spain post-Civil War until 1975.

Getulio Vargas

President of Brazil promoting rapid industrialization.

Spanish Civil War

Conflict between Republicans and Nationalists in Spain.

Hirohito

Japanese emperor with no real political power.

Reparations

Payments imposed on Germany after WWI.

US Stock Market Crash

1929 event triggering the Great Depression.

Political Revolutions

Major shifts in governance during the interwar period.

Colonial Holdings

Imperial states affected by global economic downturn.

Agricultural Overproduction

Excessive crop production leading to falling prices.

Military General Hideki Tojo

Leader of Japan's military government during WWII.

Luftwaffe

German air force involved in Spanish Civil War.

Popular Front

Left-wing coalition seeking reform in Spain.

Industrialization

Development of industries in a country.