Section 1: The Futile Search for Stability
Vocabulary:
Depression: A period of low economic activity and rising unemployment.
Collective bargaining: The right of unions to negotiate with employers over wages and hours.
Deficit spending: When a government pays out more money than it takes in through taxation and other revenues, thus going into debt.
sECTION 2: tHE Rise of Dictatorial Regimes
Vocabulary:
Totalitarian state: A government that aims to control the political, economic, social, intellectual, and cultural lives of its citizens.
Fascism: A dissenting group.
New Economic Policy: A modified version of the old capitalist system adopted by Lenin in 1921 to replace war communism in Russia.
Politburo: A seven member committee that became the leading policy making body of the Communist Party in Russia.
Collectivization: A system in which private farms are eliminated and peasants work land owned by the government.
Section 3: Hitler and Nazi Germany
Vocabulary:
Reichstag: The German parliament.
Concentration camp: A camp where prisoners of war, political prisoners, or members of minority groups are confined, typically under bad conditions.