AP World Unit 7.2 (Cram)

Fourteen Points

President Woodrow Wilson's 1918 plan for a peaceful world after WWI. It called for self-determination, free trade, reduced weapons, and a League of Nations.

League of Nations

An international peacekeeping organization (created in 1920) meant to prevent future wars. It was Wilson's idea, but the U.S. didn't even join.

Treaty of Versailles (1919)

The peace treaty that ended WWI and brutally punished Germany. It made Germany take the blame, pay massive reparations, and lose territory.

Great Depression

A global economic meltdown in the 1930s—started in the U.S. but hit everyone. Caused mass unemployment, poverty, and a total loss of chill in capitalist economies.

Stock Market Crash of 1929

A.k.a. Black Tuesday. The U.S. stock market collapsed, marking the official start of the Great Depression. It was caused by speculation, buying on margin, and zero regulation vibes.

New Deal

Franklin D. Roosevelt's big brain solution to the Great Depression (1933-1939). It included massive government spending, job programs, and social welfare to get the economy rolling again.

Keynesian Economics

Economic theory by John Maynard Keynes. It said during a recession, governments should spend $$ to boost demand (even if it means going into debt).

Fascism

A far-right, nationalist, authoritarian political ideology. Think: dictatorship, militarism, extreme loyalty to the state, and zero tolerance for dissent.

Adolf Hitler's Nazi Party

A fascist political party that rose in Germany post-WWI. Led by Hitler, it promoted nationalism, antisemitism, and totalitarian rule.

Soviet Union / Joseph Stalin

After Lenin died, Stalin became dictator of the USSR (Soviet Union). He ruled with terror, turned the country into a totalitarian state, and aggressively pushed industrialization.

Soviet Five-Year Plans

Stalin's hardcore plans to modernize the Soviet economy (1928+). Focused on rapid industrial growth and collective farming.