Economic and social issues

Great Depression

A severe worldwide economic downturn that began in 1929 and lasted through the 1930s, marked by a significant decline in industrial production, high unemployment rates, and widespread poverty.

New deal

A series of programs and reforms introduced by President Franklin D. Roosevelt in response to the Great Depression, aimed at economic recovery and social reform.

Great leap forward

A campaign initiated by the Chinese Communist Party from 1958 to 1962, aimed at rapidly transforming China from an agrarian society into an industrialized socialist state, which resulted in widespread famine and economic disruption.

IMF

International Monetary Fund. An international organization established in 1944 to promote global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.

WTO

World Trade Organization. An international organization that regulates and facilitates international trade between nations, aiming to ensure trade flows as smoothly, predictably, and freely as possible.

NAFTA

North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that was implemented in 1994 to eliminate trade barriers and promote economic cooperation.

Petroleum

a naturally occurring liquid found in geological formations. It is refined into various products such as gasoline, diesel, and other petrochemicals.

Vaccines

substances that stimulate the body's immune response to protect against infectious diseases.

Antibiotics

medications that combat bacterial infections by inhibiting the growth of bacteria or killing them.