AP World History 7.4 Flashcards

inflation

A decrease in currency value causing rising prices.

deficit spending

Government expenditure exceeding its revenue.

relief

Assistance provided to those suffering economic hardship.

recovery

Restoration of an economy to a normal state.

reform

Changes implemented to improve systems, particularly in economy.

collectivize

The transfer of ownership from individuals to collective entities.

kolkhoz

A collective farm in the Soviet Union.

corporatism

An economic system where sectors cooperate under state control.

Great Depression

A global economic downturn beginning in 1929.

New Deal

A series of programs in the U.S. to address the Great Depression.

New Economic Plan (NEP)

A temporary retreat from strict communist policies in Russia.

Five-Year Plan

A government program to improve economic productivity in the Soviet Union.

John Maynard Keynes

Economist advocating for government intervention in economies.

Russian Civil War

A conflict following the Russian Revolution, fighting for control.

Spanish Civil War

A conflict between Republicans and Nationalists in Spain, 1936-1939.

Guernica

A town attacked during the Spanish Civil War, symbolizing civilian suffering.

Politburo

The executive committee of the Communist Party in the Soviet Union.

Institutional Revolutionary Party (PRI)

A dominant political party in Mexico post-revolution.

fascism

An authoritarian system emphasizing nationalism and state power.

totalitarian state

A government controlling all aspects of public and private life.

Popular Front

A coalition of leftist parties in Spain against fascism.

Nationalists

Forces led by Franco opposing the Spanish Republic.

Republicans

Supporters of the Spanish Republic during the civil war.

Loyalists

Defenders of the Spanish Republic against Franco's Nationalists.

Luftwaffe

The aerial warfare branch of the German military.

hypernationalism

An extreme form of nationalism promoting superiority over others.

gulag

A system of forced labor camps in the Soviet Union.

PEMEX

The Mexican state-owned petroleum company