EconomicsPost-World War II Economic Recovery
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Post-World War II Economic Recovery Quiz

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#1

Which international agreement was established to promote free trade and economic cooperation after World War II?

Bretton Woods Agreement
Explanation

Established monetary management post-WWII.

#2

Which country experienced the 'Wirtschaftswunder' (economic miracle) during the post-World War II period?

Germany
Explanation

Germany's rapid economic recovery.

#3

Who was the economist known for advocating Keynesian economics and played a significant role in shaping post-World War II economic policies?

John Maynard Keynes
Explanation

Advocated for government intervention in the economy.

#4

Which country was NOT a founding member of the European Economic Community (EEC) established in 1957?

United Kingdom
Explanation

Initially abstained from joining.

#5

What was the primary goal of the General Agreement on Tariffs and Trade (GATT) signed in 1947?

To reduce trade barriers and promote free trade
Explanation

Promotion of international trade.

#6

Which of the following was NOT a primary goal of the Marshall Plan?

To support the industrialization of Asia
Explanation

Focused on rebuilding Europe.

#7

What was the primary purpose of the creation of the International Monetary Fund (IMF) after World War II?

To stabilize exchange rates and facilitate monetary cooperation
Explanation

Stabilizing global monetary systems.

#8

What was the primary role of the World Bank after its establishment following World War II?

To provide loans for post-war reconstruction
Explanation

Funding reconstruction efforts.

#9

Who proposed the 'Fourteen Points' as a blueprint for peace negotiations after World War I, laying the groundwork for post-war economic recovery?

Woodrow Wilson
Explanation

Outlined principles for peace.

#10

What role did the United States play in the reconstruction of Western Europe after World War II through the Marshall Plan?

As the primary lender of funds
Explanation

Provided substantial financial aid.

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