Lecture 7- Great Divergence part 3 - карточки | Quizlet

When did Russia abolish serfdom?

1860s

After serfdom abolished, russia heavily developed infrastructure and changed in which key ways?

-Railways

-Stabilization of currency

-barriers to foreign investment removed

When was the NEP implemented?

1921

What did the NEP do?

Allowed some private enterprise and market mechanisms while keeping key industries under state control

What was "Big Push" Industrialism in Russia?

Series of 5 years plans to build all instruments of industrialized society.

What were the key issues with the big push industrialization in Russia?

-Lack of incentives for production

-Quantity over quality

-Major reallocation out of agriculture into industry which created large famine

What marks the beginning of the Argentina golden age and when was it?

Creation of constitution and unification into federation. 1862-1913

What were the key growth drivers in argentinas golden age?

-Export led growth and internation trade

-Utilization of domestic resoures, mainly agricultural land

-Mass immigration and urbanization

By the 1880s, the rise of _______ _________ — a science focused on locating mineral deposits — began reshaping global economies. Brazil, Mexico, Canada, Japan, and the Congo were all key areas of resource exploration

Imperial Geology

Who was in the Triple alliance?

Germany, Austria-Hungary, Italy

Who was in the Triple Entente?

Britain, France, Russia

When did WWI break out and when did it end?

1914-1918

WW! neutrals saw _____ real GDP growth after the war than their combatant country couterparts?

higher

What were some of the main consequences of WWI?

-Large material damages

-Modernization

-Previous leading sectors from the first industrial revolution replaced by new capital intensive ones like chemicals, electricity, and metalurgy.

What were some weaknesses of the roaring 20s?

-Relied heavily on growing home sales

-Uneven distribution of income

-Excessive borrowing

-Credit buying on short term market speculation

When was the stock market crash that started the great depression?

1929

What key characteristics allowed Japan post WWII to flourish?

-High investment into industry and technology

-Ability to sell into US market

-High wages which allowed large domestic market