A Capitalist Plan for a World Economy & the Soviet Alternative

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Economists in what two countries are generally considered the main architects of postwar global capitalism?

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1. Where was the GATT signed?

2. What organization is emblematic of the Eastern response to the GATT?

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About This Quiz & Worksheet

This worksheet and quiz combo will help you assess your understanding of postwar capitalist and Soviet plans for the world economy. Some of the information you will be assessed on includes the different capitalist and Soviet economic plans in the Cold War era, as well as their outcomes.

Quiz & Worksheet Goals

Use these assessment tools to test your knowledge of:

  • The countries considered responsible for postwar capitalism
  • The General Agreement on Tariffs and Trade (GATT)
  • The Soviet response to the GATT
  • Factors that contributed to the Cold War world economy

Skills Practiced

  • Distinguishing differences - compare and contrast the capitalist and Soviet plans for a postwar world economy
  • Defining key concepts - ensure that you can accurately define main phrases, such as GATT and the Warsaw Pact
  • Knowledge application - use your knowledge to answer questions about the economic factors that led to the postwar world economy

Additional Learning

To learn more about the capitalist and Soviet economic struggle during the Cold War, review the accompanying lesson on Cold War Capitalism. This lesson covers the following objectives:

  • Understand how the Great Depression contributed to the world economy during the Cold War
  • Define the GATT and the Warsaw Pact
  • Examine the difference between the GATT and the Warsaw Pact
  • Understand the long-term impact of the GATT
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