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 #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:

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

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

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

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

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

Possible Answers:

Panama

Nicaragua

Equator

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 #61 : Trade, Commerce, And Market Competition

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

Possible Answers:

1919

1999

1955

1946

1979

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 #11 : 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

tariffs decreased

transport costs decreased

the number of multinational firms increased

protectionist policies increased as the 20th century wore on

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

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:

Singapore

Hong Kong

South Korea

Myanmar

None of these

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.

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

What is the primary goal of OPEC?

Possible Answers:

to remove barriers to trade and freedom of movement in Europe and the Middle East

to promote Arab nationalism

to restrict freedom of movement in Europe and the Middle East

to prevent the United States from gaining access to Middle Eastern oil

to control the global price of oil

Correct answer:

to control the global price of oil

Explanation:

OPEC, or the Organization of the Petroleum Exporting Countries, was founded in 1960. The primary goal of OPEC has always been to regulate the supply of oil in the global market and keep prices of oil steady and favorable for the oil exporting nations. Member nations include Algeria, Ecuador, Venezuela, Saudi Arabia, Iran, and Iraq.

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