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The Inter War Economy : The Post War Era Video Lecture - Class 10
FAQs on The Inter War Economy : The Post War Era Video Lecture - Class 10
| 1. What were the major economic challenges faced during the Inter War period? |  |
Ans. The major economic challenges faced during the Inter War period were the Great Depression, high unemployment rates, inflation, and the collapse of international trade.
| 2. How did the Inter War economy impact the post-war era? | |
Ans. The Inter War economy had a significant impact on the post-war era as it led to a shift in economic policies, the rise of Keynesian economics, and the establishment of international organizations like the International Monetary Fund (IMF) and World Bank.
| 3. What were the effects of the Great Depression on the Inter War economy? | |
Ans. The Great Depression had severe effects on the Inter War economy, including a sharp decline in industrial production, widespread unemployment, bank failures, and a collapse in stock markets. It led to a worldwide economic crisis that lasted for most of the 1930s.
| 4. How did the collapse of international trade affect the Inter War economy? | |
Ans. The collapse of international trade during the Inter War period had detrimental effects on the global economy. Countries imposed high tariffs and trade barriers, leading to a decline in exports and imports, a decrease in economic growth, and increased economic isolationism.
| 5. What were the measures taken to revive the Inter War economy? | |
Ans. To revive the Inter War economy, governments implemented various measures such as fiscal stimulus programs, public works projects, monetary policies, and the adoption of new economic theories, including Keynesian economics. Additionally, international cooperation and the establishment of organizations like the IMF aimed to stabilize currencies and promote economic recovery.
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