Global inequality is driven by the exploitation of poorer countries by wealthy capitalist states.
What is Marxists
This political system was promoted by the U.S., emphasizing free markets and democracy
What is Capitalism
Book written by Adam Smith in 1776
What is the Wealth of Nations
Which country in 1953 feared that Iran nationalizing its oil would lead to other countries doing the same.
The United States
Peace can be achieved through diplomacy, trade, and international law
What is Idealism/Liberal
This 1947 plan provided economic aid to rebuild Western Europe after WWII
What is the Marshall Plan
Known for Modern Political Economy and theory of comparative advantage
David Ricardo
This country orchestrated a 1953 coup, to overthrow Iran's Prime Minister
What is the United States
Power is not just military—it also includes ideas, identity, and perception
What is Constructivist
This doctrine promised U.S. support to countries resisting communism, especially in Greece and Turkey.
The Truman Doctrine
According to the lessons, what is the Socialist Approach to Economics
Keynesian Economics
Referring to the June 2025 escalation between Israel, Iran and the U.S.
What is the The Twelve-Day War
A powerful country uses economic sanctions to pressure another country into changing its behavior.
What is Realist
This concept describes the belief that if one country fell to communism, neighboring countries would follow
Led by Milton Freedman, this school of taught is...
What is the Chicago School of Economics
Iran's 1953 Prime Minister, who wanted to nationalize Iran's oil
Who is Mohammad Mossadegh
Leaders justify foreign policy decisions based on how their citizens perceive another country as a “threat.”
This combination of internal reform and external pressure led to the collapse of the Soviet Union in 1991 (Referring to the social and economic reforms in the Soviet Union).
What are glasnost and perestroika
European school of thought that began with Carl Menger
What is the Austrian School of Economics
The U.S. provided intelligence and support to this dictator, during the Iraq-Iran War
Who is Saddam Hussein