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