AP World History : Trade, Commerce, and Market Competition 1900 to Present

Study concepts, example questions & explanations for AP World History

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Example Questions

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Example Question #1 : Trade, Commerce, And Market Competition 1900 To Present

What canal has been the object of dispute in the Middle East, especially between Egypt and neighboring countries or England?

Possible Answers:

Panama Canal

Suez Canal

None of these

Martian Canal

Correct answer:

Suez Canal

Explanation:

The Suez Canal is located in the Middle East and has led to many disagreements in the area. For example, the Suez Canal Crisis involved the dispute over its usage between Egypt, Israel, Great Britain, and France. It took international involvement to help temporarily resolve these disagreements.

Example Question #2 : Trade, Commerce, And Market Competition 1900 To Present

The Twenty-One Demands were intended to __________.

Possible Answers:

ensure Chinese control over the Korean peninsula and Manchuria and guard against Japanese invasion

protect British, French, and American interests in China and Japan

ensure the stability of the newly instated revolutionary government of China led by Sun Yat-Sen

protect Japanese trading interests in British, French, and American colonies in South Asia and the Pacific

ensure Japanese control over China and hegemony in the Far East

Correct answer:

ensure Japanese control over China and hegemony in the Far East

Explanation:

The Twenty-One Demands were issued by the Japanese government to the Chinese government in 1915. They were intended to ensure Japanese control over China and regional hegemony in the Far East. The Chinese, in no position to dispute the demands after their recent revolution and in the midst of their so-called “century of humiliation,” gave in to Japanese demands and allowed Japan to take control of Manchuria and much of the Chinese economy.

Example Question #3 : Trade, Commerce, And Market Competition 1900 To Present

The Panama Canal was constructed to connect _______________.

Possible Answers:

the Atlantic and the Pacific oceans


the Pacific and Indian oceans

the Arabian and Mediterranean seas

the Atlantic and the Indian oceans

the Arctic and Atlantic oceans

Correct answer:

the Atlantic and the Pacific oceans

Explanation:

The Panama Canal was constructed by American authorities in Panama in the first decades of the twentieth century. Prior to the construction of the Panama Canal, ships had to sail all the way around South America to trade between the Atlantic and Pacific Oceans. The construction of the Panama Canal dramatically reduced the amount of time required and accelerated America’s growth as an imperial and economic world power.

Example Question #4 : Trade, Commerce, And Market Competition 1900 To Present

The Truman Doctrine and the Marshall Plan were primarily designed to __________.

Possible Answers:

combat the influence of the Warsaw Pact

stagnate the Soviet economy through trade embargoes and sanctions

stop the spread of communism through military confrontation

combat the influence of communist China in southern Asia

stop the spread of communism through international aid

Correct answer:

stop the spread of communism through international aid

Explanation:

The Truman Doctrine was an American foreign policy implemented by President Truman in 1947. Its stated goal was to stop the spread of communism and prevent Soviet hegemony. The doctrine was solidified in 1948 with America giving significant financial aid to Greece and Turkey to discourage the spread of communism in these countries. The Marshall Plan, similarly, was designed to prevent the spread of communism in Europe by providing aid to help rebuild European economies.

Example Question #5 : Trade, Commerce, And Market Competition 1900 To Present

The World Trade Organization grew out of __________.

Possible Answers:

the European Economic Community

the International Monetary Fund

the European Union

the General Agreement on Tariffs and Trade

the League of Nations

Correct answer:

the General Agreement on Tariffs and Trade

Explanation:

The General Agreement on Tariffs and Trade first came into effect in 1948. It was an agreement between more than twenty different countries to try and reduce obstacles to free trade and limit tariffs. It subsequently grew over the course of the twentieth century until 1994 when it had a membership of 123 countries. In 1994 the member countries signed an agreement to grow the General Agreement on Tariffs and Trade into the World Trade Organization.

Example Question #6 : Trade, Commerce, And Market Competition 1900 To Present

Collectively Hong Kong, Singapore, Taiwan, and South Korea came to be called the “Asian Tigers” because __________.

Possible Answers:

they developed a free and liberal political system, in stark contrast to many of their neighbors in East Asia

they experienced far more social and ethnic tension than their neighbors in East Asia

they experienced far less social and ethnic tension than their neighbors in East Asia

of high rates of economic growth in the second-half of the twentieth century

of a series of destructive civil wars in the second-half of the twentieth century

Correct answer:

of high rates of economic growth in the second-half of the twentieth century

Explanation:

Hong Kong, Singapore, Taiwan, and South Korea are collectively called the “Asian Tigers” because they have experienced high rates of economic growth throughout the second-half of the twentieth century. These countries were able to achieve rapid economic growth through a series of measures. They all encouraged competition between different businesses and countries; Hong Kong and Singapore became global centers of international finance; Taiwan and South Korea became global centers of information technology. In the twenty-first century all four nations have strong economies, a well-educated population, and are much wealthier than many of their bigger neighbors.

Example Question #7 : Trade, Commerce, And Market Competition 1900 To Present

The primary goal of the Marshall Plan was to __________.

Possible Answers:

prevent the spread of communism in Southeast Asia

rebuild the economies of post-war Western Europe

rebuild the American military in the wake of World War II

improve the status of the United Nations to avoid a repeat of the failures of the League of Nations

create a unified European Union to prevent another war breaking out in Europe

Correct answer:

rebuild the economies of post-war Western Europe

Explanation:

The Marshall Plan was enacted in 1948 and was designed to rebuild the economies of post-war Western Europe to prevent the spread of communism. It also involved the removal of trade barriers and the restructuring of European industry.

Example Question #8 : Trade, Commerce, And Market Competition 1900 To Present

This US President is considered the founder and first major "Trust Buster". 

Possible Answers:

Harry Truman

Franklin D. Roosevelt 

Thomas Jefferson

Theodore Roosevelt 

Andrew Jackson

Correct answer:

Theodore Roosevelt 

Explanation:

Theodore Roosevelt was the first US President to utilize anti-trust law to help breakup large companies in the United States. He brought more than 40 antitrust suits to some of America's largest companies, including US Steel and Standard Oil. 

Example Question #9 : Trade, Commerce, And Market Competition 1900 To Present

What characterized the countries known as the Asian Tigers in the period between 1960 and 1990?

Possible Answers:

Rapid development of military technology

Rapid economic growth and industrialization

Rapid Westernization

Rapid nationalization of industry

Rapid increase in tensions with Japan

Correct answer:

Rapid economic growth and industrialization

Explanation:

The Asian Tigers were made up of Hong Kong, Singapore, South Korea, and Taiwan, and saw economic growth rates of up to 7% from the 1960s to the 1990s. They rapidly transformed into the sophisticated industrialized powers that we are familiar with today. 

Example Question #10 : Trade, Commerce, And Market Competition 1900 To Present

How did the United States get the land rights to build the Panama Canal?

Possible Answers:

It used its powerful armed forces to occupy Panama

It used dollar diplomacy to convince Panama to give it the rights

It offered support to Panamanian rebels

It supported a pro-United States president in the election of 1900

It offered substantial financial assistance to the Panamanian government

Correct answer:

It offered support to Panamanian rebels

Explanation:

France started trying to build the Canal in 1881, but stopped due to engineering problems and a high worker mortality rate (due, among other things, to tropical diseases). When the US took control, Panama was under control of Colombia. Colombia did not give it permission for the US to build, so Teddy Roosevelt supported the Panamanian rebels who were seeking independence, even going so far as to block Colombian troops as they were trying to get into Panama to suppress the rebel movements.  In 1903, Panama declared its independence and granted the US the rights to the Canal Zone shortly thereafter. 

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