AP Modern World History Vocabulary Test 1

YUCKY.

8 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
Multi- national corporation
Powerful commercial companies that have conducted business across national borders
Consumerism
The combination of economic growth and income redistribution raised living standards and fueled demand for consumer goods
Command Economy
Supply and prices determined by government and not market stock
HyperInflation
Prices increase rapidly as a current loses its values
Great Depression
A period the U.S. economy was in severe decline and millions of Americans were unemployed.
Fascism
A political philosophy that advocates a strong, centralized, nationalistic government headed by a powerful dictator.
Five-Year Plans
Rapid economic growth
Import- Substitution
Trade and economic policy based premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.