AP World History : Economic History

Study concepts, example questions & explanations for AP World History

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Example Questions

Example Question #61 : Economic History

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

Possible Answers:

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

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

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

The primary goal of the Marshall Plan was to __________.

Possible Answers:

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

rebuild the economies of post-war Western Europe

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

prevent the spread of communism in Southeast Asia

rebuild the American military in the wake of World War II

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

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

Possible Answers:

Theodore Roosevelt 

Franklin D. Roosevelt 

Thomas Jefferson

Harry Truman

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 #1 : 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 nationalization of industry

Rapid Westernization

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 #8 : 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 supported a pro-United States president in the election of 1900

It offered support to Panamanian rebels

It offered substantial financial assistance to the Panamanian government

It used its powerful armed forces to occupy Panama

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

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. 

Example Question #11 : Trade, Commerce, And Market Competition 1900 To Present

Why were the British and American governments so affronted by Japan’s Twenty One Demands?

Possible Answers:

None of these answers are correct; the British and American governments supported Japan’s Twenty One Demands

It threatened British and American trading interests and spheres of influence in mainland China

It seemed to suggest a burgeoning alliance between Japan and China against the western imperial powers

It threatened British and American trading interests in Japan and the Pacific Islands

It seemed to suggest an imminent invasion of British held territory in India and mainland China

Correct answer:

It threatened British and American trading interests and spheres of influence in mainland China

Explanation:

Japan’s Twenty-One Demands of China essentially guaranteed Japan would have access to and control over Chinese markets and the Chinese economy. Britain and the United States opposed these demands and feared that Japan would interfere with British and American trading interests and spheres of influence in mainland China.

Example Question #1671 : Ap World History

Which country did the United States influence and partly control to build the passage in?

Possible Answers:

Panama

Equator

Nicaragua

Mexico

Correct answer:

Panama

Explanation:

The Panama Canal was constructed between 1904 and 1914 by the United States Navy, crossing 48 miles of land to bridge the Atlantic and Pacific oceans. France began the project in the 1880s, but never completed it due to high worker fatality: The project cost tens of thousands of lives between the French and American engineering efforts, mostly from mosquito-borne diseases like Yellow Fever and Malaria. 

The United States was considering building the canal in Nicaragua before taking over the French project. Despite being a much wider country, Nicaragua was more closely influenced by the United States at the time.

Example Question #13 : Trade, Commerce, And Market Competition 1900 To Present

In what year did Panama assume control of the Panama Canal?

Possible Answers:

1955

1919

1999

1979

1946

Correct answer:

1999

Explanation:

The Panama Canal was finished in 1914, and from that date until 1999 it was owned and operated by the government of the United States.

Example Question #14 : Trade, Commerce, And Market Competition 1900 To Present

The international economy underwent many changes over the course of the 20th century into our present 21st century system.

All of the following statements about the changes in the international economy are true, except for ___________________.

Possible Answers:

trade in services increased

the number of multinational firms increased

protectionist policies increased as the 20th century wore on

transport costs decreased

tariffs decreased

Correct answer:

protectionist policies increased as the 20th century wore on

Explanation:

The correct answer is "protectionist policies increased" because the opposite is generally thought to be true. Protectionism refers to the use of tariffs, quotas, and other government regulations to restrict trade in an effort to protect domestic industries from foreign competition. Protectionism is less prevalent today than it was a century ago.

Example Question #1672 : Ap World History

Which of these countries is not one of the so-called “Asian Tigers,” named for their rapid economic growth in the 1960s, 1970s, and 1980s?

Possible Answers:

Hong Kong

None of these

Singapore

Myanmar

South Korea

Correct answer:

Myanmar

Explanation:

Hong Kong, Singapore, Taiwan, and South Korea are collectively called the “Asian Tigers” for their rapid economic growth during the second-half of the twentieth century.

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