Great Depression and Ramsay MacDonald

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Difference between Great Depression and Ramsay MacDonald

Great Depression vs. Ramsay MacDonald

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. James Ramsay MacDonald, (né James McDonald Ramsay; 12 October 18669 November 1937) was a British statesman who was the first Labour Party politician to become Prime Minister, leading minority Labour governments in 1924 and in 1929–31.

Dawes Plan

The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was an initial plan in 1924 to resolve the World War I reparations that Germany had to pay, which had strained diplomacy following World War I and the Treaty of Versailles.

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Glasgow

Glasgow (Glesga; Glaschu) is the largest city in Scotland, and third most populous in the United Kingdom.

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Gold standard

A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold.

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John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

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League of Nations

The League of Nations (abbreviated as LN in English, La Société des Nations abbreviated as SDN or SdN in French) was an intergovernmental organisation founded on 10 January 1920 as a result of the Paris Peace Conference that ended the First World War.

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Marxism

Marxism is a method of socioeconomic analysis that views class relations and social conflict using a materialist interpretation of historical development and takes a dialectical view of social transformation.

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National Government (United Kingdom)

In the United Kingdom, National Government is an abstract concept of a coalition of some or all major political parties.

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Pound sterling

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

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Wall Street Crash of 1929

The Wall Street Crash of 1929, also known as Black Tuesday (October 29), the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its after effects.

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World War I

World War I (often abbreviated as WWI or WW1), also known as the First World War, the Great War, or the War to End All Wars, was a global war originating in Europe that lasted from 28 July 1914 to 11 November 1918.

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