ECON study guide - Study Guide ECON 1100 Global Economics...

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Study Guide ECON 1100 Global Economics Exam 2, Spring 2009 Chapter 1: Economic conditions in England between WW1 and WWII Impact of the war -destruction, misery, disruption. Tens of millions of ppl were short of food. Shredded families. Homes and factories were destroyed. Machinery was worn-out. Inflation was high. Unemployment was high. Impact of going back on the gold standard What is a gold standard? is a monetary system in which a region's common media of exchange are paper notes that are normally freely convertible into pre-set, fixed quantities of gold . The gold standard is not currently used by any government, having been replaced completely by fiat currency Prime Minister of England during WWII- Winston Churchill Iron curtain and impact on Eastern Europe vs Western Europe - Iron Curtain: was a symbolic term used to describe the boundary deciding Europe into West and East. The Allied powers on the west ( Us, France, England) and The Axis powers on the East ( Soviet Union,Japan). This border set the alliances up. - How does England respond to the problems of the inter-war era in post WWII? Who becomes Prime Minster? What party does he represent? What is their political and economic philosophy? How are they influenced by the Fabian
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This note was uploaded on 03/23/2011 for the course PHIL 1010 taught by Professor Outlaw during the Spring '08 term at Georgia State University, Atlanta.

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ECON study guide - Study Guide ECON 1100 Global Economics...

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