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Political and Economic Transitions in the Late 20th Century Quiz

#1

What economic policy, associated with Ronald Reagan and Margaret Thatcher, emphasizes free-market capitalism and reduced government intervention?

Neoliberalism
Explanation

Neoliberalism emphasizes free-market capitalism and minimal government intervention.

#2

Who was the leader of the Soviet Union during the period of 'Perestroika' and 'Glasnost'?

Mikhail Gorbachev
Explanation

Mikhail Gorbachev led the Soviet Union during 'Perestroika' and 'Glasnost.'

#3

What economic concept, associated with John Maynard Keynes, emphasizes government intervention during economic downturns to stimulate demand?

Keynesianism
Explanation

Keynesianism emphasizes government intervention to stimulate demand during economic downturns.

#4

Who served as the Prime Minister of the United Kingdom during the economic reforms of the 1980s known as 'Thatcherism'?

Margaret Thatcher
Explanation

Margaret Thatcher served as the Prime Minister during the economic reforms of 'Thatcherism'.

#5

Who was the leader of Cuba during the late 20th century, known for his role in the Cuban Revolution and a long-standing tenure in power?

Fidel Castro
Explanation

Fidel Castro led Cuba during the late 20th century, known for the Cuban Revolution and a long-standing tenure in power.

#6

Which country experienced a series of political and economic reforms known as 'Perestroika' and 'Glasnost' in the 1980s?

Soviet Union
Explanation

Soviet Union underwent reforms under Mikhail Gorbachev.

#7

Who was the leader of South Africa during the process of ending apartheid and the establishment of majority rule?

Nelson Mandela
Explanation

Nelson Mandela led South Africa through the end of apartheid.

#8

Which Latin American country faced a debt crisis in the 1980s, leading to economic challenges and structural adjustments?

Mexico
Explanation

Mexico faced a debt crisis in the 1980s, prompting economic challenges and structural adjustments.

#9

Which African country gained independence in 1994, ending decades of apartheid rule?

South Africa
Explanation

South Africa gained independence in 1994, ending apartheid rule.

#10

Which Asian country, formerly known as Burma, experienced pro-democracy protests in 1988 and 2007?

Myanmar
Explanation

Myanmar (formerly Burma) experienced pro-democracy protests in 1988 and 2007.

#11

Which Eastern European country underwent a peaceful revolution in 1989 known as the 'Velvet Revolution'?

Czechoslovakia
Explanation

Czechoslovakia experienced the 'Velvet Revolution' in 1989.

#12

During the late 20th century, which Asian country experienced rapid economic growth and industrialization, becoming known as one of the 'Four Asian Tigers'?

South Korea
Explanation

South Korea achieved rapid economic growth and became one of the 'Four Asian Tigers.'

#13

What international agreement, signed in 1994, aimed to create a single market among the United States, Canada, and Mexico?

NAFTA
Explanation

NAFTA aimed to create a single market among the United States, Canada, and Mexico.

#14

During the late 20th century, which Middle Eastern country experienced a revolution in 1979, leading to the establishment of an Islamic Republic?

Iran
Explanation

Iran underwent a revolution in 1979, leading to the establishment of an Islamic Republic.

#15

What landmark event in 1997 marked the transfer of sovereignty over Hong Kong from the United Kingdom to China?

Handover of Hong Kong
Explanation

The Handover of Hong Kong marked the transfer of sovereignty from the UK to China in 1997.

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