AP World History : Trade, Commerce, and Market Competition 1750 to 1900

Study concepts, example questions & explanations for AP World History

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Example Questions

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Example Question #50 : Economic History

United States’ naval commander Matthew Perry is notable for __________.

Possible Answers:

annihilating the Confederate Atlantic fleet during the latter stages of the Civil War

defeating the Spanish navy and capturing Guam and the Philippines

protecting American merchant ships in the Atlantic during World War Two

serving with the British during the Opium Wars

opening Japanese markets to American trade and ending Japanese isolationism

Correct answer:

opening Japanese markets to American trade and ending Japanese isolationism

Explanation:

Matthew Perry was a commodore in the United States’ navy in the middle of the nineteenth century. In 1852 Perry was tasked by American President Millard Fillmore to force the opening of Japanese markets to American trade. Perry achieved this through gunboat diplomacy - he sailed into Japanese waters and essentially threatened to bombard Japanese cities unless his demands were met. His actions led to the opening of Japanese markets to American trade and the end of Japanese isolationism.

Example Question #11 : Trade, Commerce, And Market Competition 1750 To 1900

The seminal capitalist text, The Wealth of Nations, was written by __________.

Possible Answers:

Jean-Jacques Rousseau

Thomas Hobbes

Adam Smith

Thomas More

John Locke

Correct answer:

Adam Smith

Explanation:

The Wealth of Nations was published by the enlightenment thinker Adam Smith in 1776. The Wealth of Nations outlines how nations can and do acquire wealth. It was widely influential and contributed to the break from mercantilism and the embracing of free market capitalism that marked Europe in the early years of the Industrial Revolution.

Example Question #12 : Trade, Commerce, And Market Competition 1750 To 1900

Triangle Trade involved what three continents? 

Possible Answers:

North America, South America, and Europe 

Africa, South America, and Europe 

Africa, Europe, and North America

Europe, Asia, and North America 

South America, Asia, and North America 

Correct answer:

Africa, Europe, and North America

Explanation:

Triangle trade involved large scale trade of goods and slaves in the Atlantic ocean between Europe, North America, and Africa. In this trade system slaves were sent from Africa to North America; sugar, tobacco, and cotton were sent to Europe; and textiles, rum, and manufactured goods were sent to Africa. 

Example Question #13 : Trade, Commerce, And Market Competition 1750 To 1900

The Slave Trade Act (1807) abolished the slave trade for which country and its territories?

Possible Answers:

Spain

United States of America

Germany

United Kingdom

France

Correct answer:

United Kingdom

Explanation:

The Slave Trade Act was passed by the Parliament of the United Kingdom in 1807.

Example Question #11 : Trade, Commerce, And Market Competition 1750 To 1900

Which of these countries was the last to embrace the Industrial Revolution?

Possible Answers:

Germany

Britain

Russia

United States

Japan

Correct answer:

Russia

Explanation:

The Industrial Revolution began first in Britain. It then spread outward to Northern Europe, countries like France and Germany embraced the Industrial Revolution in the early nineteenth century. The United States was swept up in the Industrial Revolution by the mid nineteenth century and was shortly thereafter joined by Japan (following the Meiji Restoration in 1868). Russia, with its massive serf population and agrarian society, was not well-suited to the adoption of the Industrial Revolution. It took many decades of forced social change and economic hardship before Russia finally embraced the Industrial Revolution at the dawn of the twentieth century.

Example Question #15 : Trade, Commerce, And Market Competition 1750 To 1900

During the Industrial Revolution the demand for __________.

Possible Answers:

raw resources and slaves increased dramatically, as the demand for manufactured goods increased slightly

raw resources increased dramatically, as the demand for manufactured goods declined substantially

raw resources and manufactured goods increased dramatically

raw resources and manufactured goods declined significantly

raw resources declined substantially, as the demand for manufactured goods increased dramatically

Correct answer:

raw resources and manufactured goods increased dramatically

Explanation:

During the Industrial Revolution the demand for raw resources, to be used in manufacturing and heavy industry, increased dramatically. Subsequently the standard of living began to rise as more luxury goods became more readily available to the common person, which led to a further increase in the demand for manufactured products. In this way the Industrial Revolution reinforced itself - industrial innovations led to a demand for more raw resources; rising wages and availability of luxury goods led to an improved standard of living; improved standard of living led to a demand for more manufactured products, which in turn led to a renewed demand for more raw resources.

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