A US policy of providing monetary aid to countries like Greece and Turkey to encourage capitalism and prevent the spread of communism.

Economic reforms in Chile under Pinochet, including privatization and stabilization of inflation.

A series of visits by Deng Xiaoping to promote price and tax reforms, and private ownership in China.

Supply-side economics policies implemented by President Reagan, aiming for lower prices, lower taxes, and decreased inflation and unemployment.

Government spending policies focused on controlling inflation and reducing regulation in Great Britain.

It led to a widespread shift towards free market economics and increased economic globalization.

The business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.

The creation and application of technology to produce goods and services with minimal human intervention.

The reduction of tensions between countries, especially during the Cold War.

A general increase in prices and fall in the purchasing value of money.

Cause: Fear of communism spreading. Effect: US monetary aid to countries like Greece and Turkey, promoting capitalism.

Cause: End of the Cold War, desire for economic growth. Effect: Removal of government controls, privatization, increased global trade.

Cause: Technological advancements, outsourcing. Effect: Decline in manufacturing jobs, rise of service sector, Rust Belt.

Cause: Advancements in communication technology. Effect: Focus on information, design, and innovation, reliance on technology.

Cause: Spread of Western values and corporate efficiency. Effect: Cultural homogenization, undermining of local food systems.

Cause: Desire to stimulate the economy and reduce inflation. Effect: Lower taxes, decreased inflation and unemployment, but also increased national debt.

Cause: High inflation and economic stagnation. Effect: Reduced government spending, privatization, and deregulation, leading to economic restructuring.

Cause: Desire to modernize and grow the Chinese economy. Effect: Price and tax reforms, private ownership, and rapid economic growth.

Cause: Economic instability and hyperinflation. Effect: Privatization of state-owned companies and stabilization of inflation, but also social inequality.

Causes: Desire for global market access, lower production costs. Effects: Economic growth in some regions, exploitation of labor in others, cultural homogenization.

The Prime Minister of Great Britain who implemented free market policies focused on inflation control and deregulation.

The US President who implemented Reaganomics, aiming to lower taxes and reduce inflation.

The Chinese leader who initiated economic reforms, introducing elements of free markets into the socialist economy.

The Chilean leader who implemented privatization and inflation stabilization policies known as the 'Miracle of Chile'.

The U.S. President who advocated for the Truman Doctrine, providing monetary aid to countries to prevent the spread of communism.