Jeopardy

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WWIInter-war

yearsWWII

Post warEconomics

Economic Globalization?

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Final JeopardyFinal Jeopardy

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• When did world war one start and end?

• July 1914- November 11 1918

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What started WWI?

Video

Many identify two things (the assassination of the duke of Austria-Hungry, Franz Ferdinand) And multiple world powers having different military agreements with each other. (the Domino affect)

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How much did Europe owe the U.S.A after WWI

Around 7 billion dollars

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It was believed this agreement would prevent any further global wars

Treaty of Versailles

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How would WWI set the economic stage for the majority of the world that would not be shifted until the second world war?

All major powers suffered lost of All major powers suffered lost of resources, young men, land (many of resources, young men, land (many of them), many were forced into a large debt, them), many were forced into a large debt, treaty of Versailles created an economic treaty of Versailles created an economic burden on Germany that many argue burden on Germany that many argue forced their hand in their actions leading forced their hand in their actions leading up to WWII.up to WWII.

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What was the worlds first Communist What was the worlds first Communist state?state?

USSR (Union of Soviet Socialists Republics) USSR (Union of Soviet Socialists Republics) –Modern day Russia–Modern day Russia

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What impact did Czar Nicholas II have on What impact did Czar Nicholas II have on Russia? Russia?

Kept them as a monarch state, which Kept them as a monarch state, which meant next to no development within the meant next to no development within the country. Large amount of profits going to a country. Large amount of profits going to a small amount of people and no one else.small amount of people and no one else.

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How did Joseph Stalin revolutionize the How did Joseph Stalin revolutionize the Soviet Union (Russia)Soviet Union (Russia)

Set agriculture quotas/deadlines, sold Set agriculture quotas/deadlines, sold majority of food world wide and had many majority of food world wide and had many citizens (mainly Ukrainian) go without citizens (mainly Ukrainian) go without food.. Mass famine, mass industrialization, food.. Mass famine, mass industrialization, enforced communist rule by complete enforced communist rule by complete country controlcountry control

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What day is credited for starting the Great What day is credited for starting the Great Depression?Depression?

October 29, 1929 (Black Tuesday)October 29, 1929 (Black Tuesday)

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Name three things that created the Great Name three things that created the Great DepressionDepression

Stock market crash, Housing crash, great Stock market crash, Housing crash, great drought, WWI debt, economic drought, WWI debt, economic interdependence, interdependence,

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WWII had an estimate of _______ WWII had an estimate of _______ causalities.causalities.

More than 60 million (Nearly Canada`s More than 60 million (Nearly Canada`s population, twice)population, twice)

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How was WWII good for Canada`s How was WWII good for Canada`s economyeconomy??

Need for food, weapons, and ammo Need for food, weapons, and ammo created thousands of jobs. An estimated 1 created thousands of jobs. An estimated 1 million women were able to join the work million women were able to join the work force (first steps of work equality within force (first steps of work equality within Canada and US), Unemployment rate Canada and US), Unemployment rate dropped to nearly 1%, and remained low dropped to nearly 1%, and remained low even after the war. even after the war.

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September 3, 1939- September 2, 1945.September 3, 1939- September 2, 1945. Canada, on their “own”, joined September Canada, on their “own”, joined September

10, 193910, 1939

When was WWII (Bonus) When did When was WWII (Bonus) When did Canada join?Canada join?

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Representatives from Britain, US, Canada, Representatives from Britain, US, Canada, France, and other countries worked France, and other countries worked together to build an origination that would together to build an origination that would aid in preventing another global conflict. aid in preventing another global conflict.

The United Nations The United Nations

3 - $5003 - $500How did economists John Maynard Keynes How did economists John Maynard Keynes and Friedrich Hayek differ in economic and Friedrich Hayek differ in economic ideologies? ideologies?

Maynard = In times of a drastic shift in the Maynard = In times of a drastic shift in the workforce he believed it was the workforce he believed it was the governments duty to intervenegovernments duty to intervene

Hayek= Similar to Adam smith, believed Hayek= Similar to Adam smith, believed the gov’t should have no control of the the gov’t should have no control of the economy and it was best served through economy and it was best served through competitioncompetition

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What does the IMF stand for?What does the IMF stand for?

International Monetary FundInternational Monetary Fund

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What was the original goals of the World What was the original goals of the World Bank?Bank?

Help countries in severe debt from the Help countries in severe debt from the War(s), help countries industrialize, help War(s), help countries industrialize, help countries extract and develop their natural countries extract and develop their natural resources.resources.

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What is the goal of the IMFWhat is the goal of the IMF

To maintain dependable exchanged rates To maintain dependable exchanged rates for world trade, provide short-term loans for world trade, provide short-term loans for countries in dire need, rid countries of for countries in dire need, rid countries of corrupt government.corrupt government.

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Both the World Bank and the IMF was Both the World Bank and the IMF was created during what? Why?created during what? Why?

Bretton WoodsBretton Woods Help countries get back on their feet after Help countries get back on their feet after

WWII (Avoid another world depression and WWII (Avoid another world depression and global war)global war)

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What started the Cold WarWhat started the Cold War??

Ultimately it was a clash of economic and Ultimately it was a clash of economic and political ideologies (Soviets/ Communism political ideologies (Soviets/ Communism vs. U.S.A Capitalism)vs. U.S.A Capitalism)

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How is the world connected globally How is the world connected globally through economics? through economics?

Our entire economic system is Our entire economic system is interdepedent on the world working interdepedent on the world working together (resources, trading partners, together (resources, trading partners, labour, money, etc.labour, money, etc.

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How was Hitler invading Poland kind of a How was Hitler invading Poland kind of a good thing for Canada?good thing for Canada?

Canada would respond by joining the war, Canada would respond by joining the war, and though it caused many horrible things, and though it caused many horrible things, it also helped establish a working force in it also helped establish a working force in Canada that was never seen before.Canada that was never seen before.

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In a Milton Friedman economy people In a Milton Friedman economy people would have what?would have what?

Much more freedom and receive no Much more freedom and receive no intervention from the government.intervention from the government.

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Create a time from WWII to the creation of Create a time from WWII to the creation of the United Nations.the United Nations.

Duke killed, 1914 WWI, treaty of Duke killed, 1914 WWI, treaty of Versailles, stock crash, great depression, Versailles, stock crash, great depression, Hitler and Stalin gain power, WWII, Pearl Hitler and Stalin gain power, WWII, Pearl Harbor, Atomic bombs, Bretton Woods, UNHarbor, Atomic bombs, Bretton Woods, UN

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To what extent did world events shape To what extent did world events shape contemporary economic globalizationcontemporary economic globalization??

A crap ton, I’m not writing those all down A crap ton, I’m not writing those all down here..here..