AP World History Period 3: 1750-1900, Economic Systems

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During the 1800s-1900s, the industrial market exploded with currency, capitalism, and innovation! Put your knowledge on this time period to the test with this Barron's quiz developed from our must-have AP® World History: Modern Premium study guide. #apworldhistory #worldhistory #apworld #apworldhistorymodern #apprep #highschool #grade9 #grade10 #grade11 AP® is a registered trademark of the College Board, which was not involved in the production of, and does not endorse, this product.

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Questions 10

Answers

1
The term laissez-faire is most closely associated with which economic doctrine?
mercantilism
socialism
state capitalism
free-market capitalism
2
Which of the following countries was most prone to practice state-directed industrialization?
United States
Argentina
England
Japan
3
In Europe, the Industrial Revolution is generally considered to have begun in
Prussia
England
Austria-Hungary
France
4
Which transnational company became a powerful tool for U.S. economic imperialism in the late 1800s and early 1900s?
Unilever
United Fruit
HSBC
Nestlé
5
What early industrial invention is believed to have prolonged U.S. dependence on the Atlantic slave trade?
steam hammer
flying shuttle
cotton gin
interchangeable parts
6
This author of The Wealth of Nations is often credited as the originator of modern capitalist thinking.
Jeremy Bentham
Adam Smith
Karl Marx
David Hume
7
The Bessemer process made it easier and cheaper to produce which substance?
aluminum
rubber
industrial ceramics
steel
8
Latin America became a major exporter of this metal as it industrialized in the late 1800s.
copper
tungsten
steel
gold
9
By the late 1800s, many governments were linking the value of their national currency to the
gold standard
diamond reserves
market value of petroleum
gross national product
10
This innovation allowed business owners to pool investment resources and minimize personal risk.
central banks
stock exchanges
limited liability corporations
bankruptcy laws

AP World History Period 3: 1750-1900, Economic Systems Flashcards | StudBud

AP World History Period 3: 1750-1900, Economic Systems

10 termsStudBud Administration10,939 plays

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
The term laissez-faire is most closely associated with which economic doctrine?
mercantilism
socialism
state capitalism
free-market capitalism
2
Which of the following countries was most prone to practice state-directed industrialization?
United States
Argentina
England
Japan
3
In Europe, the Industrial Revolution is generally considered to have begun in
Prussia
England
Austria-Hungary
France
4
Which transnational company became a powerful tool for U.S. economic imperialism in the late 1800s and early 1900s?
Unilever
United Fruit
HSBC
Nestlé
5
What early industrial invention is believed to have prolonged U.S. dependence on the Atlantic slave trade?
steam hammer
flying shuttle
cotton gin
interchangeable parts
6
This author of The Wealth of Nations is often credited as the originator of modern capitalist thinking.
Jeremy Bentham
Adam Smith
Karl Marx
David Hume
7
The Bessemer process made it easier and cheaper to produce which substance?
aluminum
rubber
industrial ceramics
steel
8
Latin America became a major exporter of this metal as it industrialized in the late 1800s.
copper
tungsten
steel
gold
9
By the late 1800s, many governments were linking the value of their national currency to the
gold standard
diamond reserves
market value of petroleum
gross national product
10
This innovation allowed business owners to pool investment resources and minimize personal risk.
central banks
stock exchanges
limited liability corporations
bankruptcy laws