The GLOBAL ECONOMY Between the World Wars [AP World History Review—Unit 7 Topic 4]

What was the primary cause of hyperinflation in Germany after World War I?

• Germany's refusal to pay war debts to the United States.

• The German government's decision to print excessive amounts of money.

• A sudden increase in the value of the German Mark.

• The annexation of resource-rich lands by Germany.

What was a key characteristic of Vladimir Lenin's New Economic Policy (NEP) in the Soviet Union?

• Complete nationalization of all industries and agriculture.

• Strict adherence to free-market capitalism.

• Introduction of some limited free-market principles while maintaining state control over major institutions.

• Exclusive focus on heavy industry development through Five-Year Plans.

What was the primary goal of Joseph Stalin's collectivization of agriculture in the Soviet Union?

• To increase the wealth of individual peasant farmers.

• To provide food for rapidly growing industrial centers.

• To promote free-market competition among farmers.

• To reduce the Soviet Union's overall agricultural output.

How did the US government's approach to the economy change in response to the Great Depression under Franklin D. Roosevelt?

• It maintained a strictly hands-off approach to economic regulation.

• It focused solely on international trade agreements to boost exports.

• It implemented government-sponsored programs and increased intervention in the economy.

• It reduced taxes on corporations to stimulate private investment.