Exploring the economic repercussions of World War I, this overview delves into the suspension of the gold standard and its inflationary outcomes. It examines the attempts to return to pre-war parities, the resulting overvaluation of currencies, and the subsequent economic instability. The text also discusses the role of the gold standard during the interwar period, bank failures, the 1929 stock market crash, protectionist policies, international debt, demographic shifts, and the economic policy decisions preceding the Great Depression.
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1
Post-______, the US and UK aimed to reinstate the gold standard at outdated values, a move criticized by economist ______ ______.
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2
Germany, after World War I, faced a boom based on credit, largely dependent on ______ from the ______ ______.
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3
Impact of high interest rates during gold standard
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4
UK's recovery post-gold standard
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5
Federal Reserve's role in the money supply contraction
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6
The ______ market downturn in ______ is a hotly debated topic, with opinions split on whether it was a catalyst or a reflection of a deteriorating economy.
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7
High ______ duties and risky ______ habits were among the factors that led to a weak banking infrastructure, unable to withstand the subsequent financial slump.
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8
Impact of Smoot-Hawley Tariff on international trade
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9
Effect of Smoot-Hawley Tariff on US agriculture
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10
Gold standard's influence on protectionism during the Great Depression
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11
The intricate network of global debts established after ______ played a major role in the economic instability of the late 1920s and early 1930s.
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12
As the ______ economy began to struggle, the established cycle of borrowing and repaying became unsustainable.
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13
Elevated ______ tariffs impeded European countries' ability to generate the foreign exchange needed to settle their debts, leading to defaults and worsening the worldwide economic crisis.
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14
1920s population growth rate decline - economic effect?
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15
1920s immigration legislation - economic consequence?
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16
Factors contributing to Great Depression onset?
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17
Coolidge's commitment to ______ economics and Hoover's hesitation to interfere in the market are often labeled as '______.'
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18
Modern economic theory advises that governments should inject ______ into the banking system and modify ______ policy to bolster demand during a depression.
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19
The lack of sufficient implementation of these strategies before the ______ is believed to have worsened its ______ and ______.
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