European Study Guide
Adam Smith:
Economist and philosopher who wrote : "bible of capitalism," The Wealth of Nations, in which he details the first system of political economy (concepts of division of labor and economic wealth).
This was his first work dedicated to the study of political economy
Economics of the time were dominated by the idea that a country’s wealth was best measured by its store of gold and silver. Smith proposed that a nation’s wealth should be judged not by this metric but by the total of its production and commerce.
Factors of Production:
Resources required for generation of goods or services, generally classified into four major groups:
Land (including all natural),
Labor (including all human),
Capital (including …show more content…
Big Three:
-Woodrow Wilson (USA)
-David Lloyd George (Britain)
-George Clemenceau (France)
Schlieffen Plan (ww1): Plan intended to attack France (South-West) and Russia (East) simultaneously.
The Schlieffen Plan was the operational plan for a designated attack on France once Russia, in response to international tension, had started to mobilize her forces near the German border. The execution of the Schlieffen Plan led to Britain declaring war on Germany on August 4th, 1914.
By: Alfred Von Schlieffen
Believed that France was the strongest country and needed to be dealt with first.
Must rapidly defeat France before they start mobilizing (Russia was slower).
Way to defeat France: Launch surprise attack from the North over Belgium border.
Zimmerman Note: Telegram sent in 1917 by Zimmerman (German Minister) to his ambassador in Mexico.
1917: diplomatic proposal from the German Empire offering a military alliance with Mexico, in the event of the United States entering World War I against Germany. The proposal was intercepted and decoded by British …show more content…
A system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist society.
Appeasement: Giving a country what they want to prevent war.
Started WW2
See "Neville Chamberlain" Hitler agreed to Chamberlain: he will only take a part of Czechoslovakia. He changed his demands and took over all of the Sudetenland. Demanded Poland: WWII Blitzkrieg:
A German term for “lightning war,”
Fast moving and surprise attacks: military tactic designed to create disorganization among enemy forces
Take over many areas quickly.
Operation Overlord: Battle of Normandy (D-Day)
Allies attack Europe successfully (occupied by Germans) on D-Day.
Allies won.
Maginot line: Line of walls in France
Long line of walls that France built after WW1.
Plan: French army would have time to get ready and go to Belgium and win any battle with the Germans there.
By WW2: French lost. Luftwaffe: Nazi air force Invasion of Poland: Started WW1
Germany invaded Poland, see "Appeasement" Great Depression:
Adam Smith:
Economist and philosopher who wrote : "bible of capitalism," The Wealth of Nations, in which he details the first system of political economy (concepts of division of labor and economic wealth).
This was his first work dedicated to the study of political economy
Economics of the time were dominated by the idea that a country’s wealth was best measured by its store of gold and silver. Smith proposed that a nation’s wealth should be judged not by this metric but by the total of its production and commerce.
Factors of Production:
Resources required for generation of goods or services, generally classified into four major groups:
Land (including all natural),
Labor (including all human),
Capital (including …show more content…
Big Three:
-Woodrow Wilson (USA)
-David Lloyd George (Britain)
-George Clemenceau (France)
Schlieffen Plan (ww1): Plan intended to attack France (South-West) and Russia (East) simultaneously.
The Schlieffen Plan was the operational plan for a designated attack on France once Russia, in response to international tension, had started to mobilize her forces near the German border. The execution of the Schlieffen Plan led to Britain declaring war on Germany on August 4th, 1914.
By: Alfred Von Schlieffen
Believed that France was the strongest country and needed to be dealt with first.
Must rapidly defeat France before they start mobilizing (Russia was slower).
Way to defeat France: Launch surprise attack from the North over Belgium border.
Zimmerman Note: Telegram sent in 1917 by Zimmerman (German Minister) to his ambassador in Mexico.
1917: diplomatic proposal from the German Empire offering a military alliance with Mexico, in the event of the United States entering World War I against Germany. The proposal was intercepted and decoded by British …show more content…
A system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist society.
Appeasement: Giving a country what they want to prevent war.
Started WW2
See "Neville Chamberlain" Hitler agreed to Chamberlain: he will only take a part of Czechoslovakia. He changed his demands and took over all of the Sudetenland. Demanded Poland: WWII Blitzkrieg:
A German term for “lightning war,”
Fast moving and surprise attacks: military tactic designed to create disorganization among enemy forces
Take over many areas quickly.
Operation Overlord: Battle of Normandy (D-Day)
Allies attack Europe successfully (occupied by Germans) on D-Day.
Allies won.
Maginot line: Line of walls in France
Long line of walls that France built after WW1.
Plan: French army would have time to get ready and go to Belgium and win any battle with the Germans there.
By WW2: French lost. Luftwaffe: Nazi air force Invasion of Poland: Started WW1
Germany invaded Poland, see "Appeasement" Great Depression: