1. What best describes stagflation in the Western economies of the 1970s?
2. What was the main strategy behind the oil weapon used by OPEC?
3. What does deindustrialization refer to?
Thirty Glorious Years — definition?
Post-1945 period of strong Western economic growth.
Oil weapon by OPEC — role?
Used production cuts to pressure Western governments.
First oil shock — triggered by?
Yom Kippur war and OPEC-led production cuts in 1973.
Second oil shock — cause?
Iranian Revolution and OPEC doubling prices in 1979.
Stagflation — components?
Inflation, high unemployment, little/no growth.
Fordist model — what?
Mass manufacturing with large firms and assembly lines.
The revision sheet covers the essential concepts of Global Cold War and Economic Transformations. It is organized by topic to facilitate learning and memorization, with key definitions, explanations and summaries.
Read the full sheet →The quiz contains 24 multiple-choice questions with detailed corrections and explanations for each answer. Ideal for testing your knowledge and identifying gaps.
Take the quiz (24 questions) →Revizly offers 24 interactive flashcards on Global Cold War and Economic Transformations. Each card presents a question on the front and the answer on the back, enabling active and effective revision based on spaced repetition.
See all 24 flashcards →Import your PDF or paste your course, AI generates sheets, quizzes and flashcards in 30 seconds.