| Term | Definition |
|---|
| market economy | an economy in which the setting of prices and allocating of resources are determined largely by the forces of supply and demand and that permits an open exchange of goods and services between producers and consumers. Also know as the free market |
| iron curtain | an invisible wall that separate the capitalist west nations from the communist east |
| disarmament | the reduction of armed forces and weapons |
| fascism | a system of government marked by centralization of authority under a dictator, stringent socioeconomic controls, suppression of the opposition through terror and censorship, and usually a policy of belligerent nationalism and racism. |
| overproduction | a condition in which production of goods exceeds the demand for them. |
| genocide | deliberate murder of an entire race or ethnic group |
| cottage industry | business or industry in which goods are unique because they are produced primarily at home by family members using their own equipment |
| blitzkriegs | sudden attacks where airfields, factories, towns, and cities are bombed |
| containment | U.S. foreign policy which limited communism to the areas already under Soviet control |
| anti-semitism | hatred of all Jew |
| sanctions | penalties for violating international law |
| appeasement | giving into the demands of an aggressor to keep the peace |
Combine with other sets
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