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An externality is the effect of an economic transaction on a third party not involved in the original economic transaction, and can be negative or positive. Negative: Pollution. Positive: Education

The Weimar Republic was the democratic government put in place in Germany between World War 1 and World War 2. It ultimately failed and led to the rise of the National Socialists (Nazi Party)

The pieds noirs were French people who emigrated from Algeria after the conclusion of the Algerian War, resulting in Algeria's independence from France

Fiscal policy is the means by which the government modifies its spending and tax rates as a means to influence the economy

PESTLE method, and SWOT method - to be explained further