General Study Notes
86 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

The primary driving factors for a company's success in the textile industry are the ability to operate ______ and securing contracts with clothing marketers for their products.

efficiently

What was the primary facilitator of the Black Plague?

  • European trade routes
  • The Silk Road (correct)
  • The cotton industry
  • The discovery of silk

    • What invention made the production of cotton fifty times more efficient?

    The cotton gin

    What year did the USSR become the top oil producer worldwide?

    <p>1973</p> Signup and view all the answers

    What is the name of the global benchmark for oil prices?

    <p>Brent Oil</p> Signup and view all the answers

    The price of oil is solely based on the type of oil and where it is produced.

    <p>False</p> Signup and view all the answers

    OPEC includes the countries with the smallest oil reserves.

    <p>False</p> Signup and view all the answers

    What was a major factor in the oil crisis of 1973?

    <p>The Yom Kippur War</p> Signup and view all the answers

    What did OPEC release in 1968 that stated each nation's right to sovereignty over their natural resources?

    <p>Declaratory Statement of Petroleum Policy</p> Signup and view all the answers

    In the 1970's oil prices ______ in Canada.

    <p>went up</p> Signup and view all the answers

    The USSR had no impact on the oil market in the 1970s.

    <p>False</p> Signup and view all the answers

    Oil is considered a renewable energy source.

    <p>False</p> Signup and view all the answers

    Petroleum is ______ by the decomposition of organic matter.

    <p>created</p> Signup and view all the answers

    What is a key aspect of successful companies in the textile industry?

    <p>Securing agreements with clothing businesses to sell their merchandise</p> Signup and view all the answers

    What was a major outcome of the global spread of the textile industry?

    <p>The transition from handcrafting textiles in homes to factory-based production.</p> Signup and view all the answers

    Which of these is NOT a primary driving force behind the textile industry's success?

    <p>Prioritizing worker well-being over production speed</p> Signup and view all the answers

    What is the main reason for the spread of the Black Plague?

    <p>The exchange of goods along the Silk Road</p> Signup and view all the answers

    The Industrial Revolution had a primarily beneficial impact on the British textile industry.

    <p>True</p> Signup and view all the answers

    Which event had a significant impact on the textile industry because of limited access to cotton production?

    <p>The American Civil War.</p> Signup and view all the answers

    What was the major issue that arose from the implementation of the spinning jenny during the Industrial Revolution?

    <p>Widespread unemployment.</p> Signup and view all the answers

    What was a significant consequence of the shift to factory-based production in the textile industry?

    <p>The employment of children and women as laborers due to lower wages</p> Signup and view all the answers

    What was the primary reason for the establishment of Lowell, Massachusetts?

    <p>To establish a significant cotton production center using new technologies</p> Signup and view all the answers

    The decline of the textile industry in Lowell, Massachusetts, was mainly attributed to the expansion of the cotton industry in other regions of the United States.

    <p>False</p> Signup and view all the answers

    What were the key factors contributing to the massive expansion of the cotton industry in the United States prior to the Civil War?

    <p>Advances in cotton production technologies such as the cotton gin, which significantly increased output, and the use of enslaved labor.</p> Signup and view all the answers

    What was the primary factor that led to the decline of the cotton industry in the South after the Civil War?

    <p>The abolition of slavery.</p> Signup and view all the answers

    What is the primary driving force behind the modern 'fast fashion' industry?

    <p>The creation of designs based on customer preferences and rapid production</p> Signup and view all the answers

    What is the main reason for the rise of the 'triangle shirtwaist factory' tragedy?

    <p>The factory had poor working conditions, primarily overcrowding, and safety violations.</p> Signup and view all the answers

    The Rana Plaza factory collapse had a significant impact on the garment industry by leading to widespread changes in safety regulations and worker rights.

    <p>True</p> Signup and view all the answers

    What was the primary reason for the success of the 'fast fashion' industry?

    <p>The ability to produce and distribute trendy clothing efficiently and quickly</p> Signup and view all the answers

    What factors led to the significant increase in the price of oil during the 1970s and 1980s?

    <p>The Arab Oil Embargo in the 1970s, the Iranian Revolution, and the Iran-Iraq war.</p> Signup and view all the answers

    What is a significant reason for the price volatility of crude oil?

    <p>The limited ability to increase production in a short period, leading to supply constraints</p> Signup and view all the answers

    Why is Brent crude oil considered a global benchmark for pricing?

    <p>It is readily available, easily transported, and traded in large volumes, making it a reliable reference point for oil prices.</p> Signup and view all the answers

    What is the primary reason for the difference in price between Brent crude oil and West Texas Intermediate (WTI) crude oil?

    <p>The export restrictions placed on U.S. crude oil, which limit its global accessibility and impact its price</p> Signup and view all the answers

    OPEC has the ability to effectively control the global oil market by setting production quotas.

    <p>False</p> Signup and view all the answers

    What is a key factor that determines the price of oil products, such as gasoline, for consumers?

    <p>The global auction process where the highest bidder secures available oil supplies.</p> Signup and view all the answers

    What term refers to the difference between world oil market demand and the supply from non-OPEC sources?

    <p>The 'call on OPEC,' highlighting OPEC's key role in meeting demand</p> Signup and view all the answers

    What is the main role of international oil companies (IOCs) in the oil market?

    <p>They maximize profits by producing oil as long as prices remain higher than the cost of production.</p> Signup and view all the answers

    The production of oil from oil sands in Canada is primarily a factor in increasing global oil supply.

    <p>False</p> Signup and view all the answers

    Which of the following is NOT a key reason for the price fluctuation of crude oil?

    <p>The stability of the global currency market, affecting oil trade</p> Signup and view all the answers

    What is a future contract in the oil market?

    <p>An agreement to buy or sell a specific amount of oil at a specific price and date in the future.</p> Signup and view all the answers

    What is a 'spot transaction' in the oil market?

    <p>The immediate purchase and sale of a specific quantity of oil at the current market price.</p> Signup and view all the answers

    Which of the following factors did NOT contribute to OPEC's increased influence in the oil market?

    <p>The establishment of strong alliances between all member countries</p> Signup and view all the answers

    Why did the seven sister oil companies in the 1950s drop their prices?

    <p>To counter the increased oil production from the Soviet Union.</p> Signup and view all the answers

    The Arab oil embargo in 1973 was largely successful in forcing the Western world to meet the demands of the Arab nations.

    <p>False</p> Signup and view all the answers

    What is the primary reason for the price increase of oil in the 1980s?

    <p>The increasing demand for oil due to global economic growth</p> Signup and view all the answers

    The invasion of Kuwait by Iraq in 1990 had a significant positive impact on global oil prices.

    <p>False</p> Signup and view all the answers

    What was the purpose of the Gin Act of 1751?

    <p>To control Gin production in England.</p> Signup and view all the answers

    What was a significant consequence of the British decision to import African slaves to work on sugar plantations in the Caribbean?

    <p>The rise in popularity of rum.</p> Signup and view all the answers

    Why did the British government ban skilled workers from leaving England?

    <p>To protect its textile industry and maintain a competitive edge.</p> Signup and view all the answers

    According to Mukti Khaire's analysis, what was a turning point in the Indian Fashion industry?

    <p>The increased focus on traditional Indian crafts.</p> Signup and view all the answers

    During the 1970s, what event triggered the decline of PetroCanada?

    <p>The global oil price increase.</p> Signup and view all the answers

    How did the invention of the water frame improve the textile industry?

    <p>It allowed for the mass production of cotton fabric, increasing supply and reducing costs.</p> Signup and view all the answers

    What is considered a major disadvantage of using downstream oil production?

    <p>It can be more energy-intensive and contributes to more pollution than other forms of oil production.</p> Signup and view all the answers

    The 'currency snake' was a successful effort to stabilize international currency values.

    <p>False</p> Signup and view all the answers

    A central bank's ability to influence exchange rates can be a powerful tool for controlling inflation.

    <p>True</p> Signup and view all the answers

    According to Lila MacLellan's article, the Black business model focused solely on profit maximization.

    <p>False</p> Signup and view all the answers

    The rise of the 'Seven Sisters' contributed to the decline of OPEC's power in the oil market.

    <p>False</p> Signup and view all the answers

    What are the primary factors that influence the price of oil?

    <p>All of the above.</p> Signup and view all the answers

    What role did J.P. Morgan play during the Panic of 1907?

    <p>He pledged significant amounts of his own money and coordinated other bankers to stabilize the financial system.</p> Signup and view all the answers

    What is the main difference between token money and fiat money?

    <p>Token money can be redeemed for gold and silver, but fiat money cannot.</p> Signup and view all the answers

    What is significant about the example of BankCo offshoring its call centre?

    <p>It shows how globalization does not always proceed smoothly but faces bumps in the road like cultural differences.</p> Signup and view all the answers

    What is gin?

    <p>Alcohol mixed with juniper berries for flavor and medicine.</p> Signup and view all the answers

    What are the main ingredients of gin?

    <p>Juniper berries and other herbs</p> Signup and view all the answers

    The Gin Craze was a period of widespread social unrest in England.

    <p>True</p> Signup and view all the answers

    What is the difference between gin and genevar?

    <p>Genevar is a Dutch spirit that is similar to gin, but it is typically made with a higher proof and has a more pronounced juniper flavor. Genevar also has a longer history than gin.</p> Signup and view all the answers

    How did gin get popular in the 1800s?

    <p>It was mixed with quinine water to make a malaria potion called a Gin and Tonic.</p> Signup and view all the answers

    What can be said about rum as a historical product?

    <p>It became very popular in the Caribbean during the 1700s, and it became a common ration for British sailors.</p> Signup and view all the answers

    What were the key factors that contributed to the rise of rum's popularity in the 1700s?

    <p>Sugar plantations created in French and British colonies in the Caribbean led to the need for cheap labor.</p> Signup and view all the answers

    What historical event impacted rum production and its popularity?

    <p>The 1731 British sailor's daily pint of Jamaican rum lasted until the 1970's.</p> Signup and view all the answers

    What was the role of sugar plantations in the Caribbean's history?

    <p>They led to the import of African slaves to provide cheap labor.</p> Signup and view all the answers

    Where did sugar plantations first develop?

    <p>French and British colonies in the Caribbean.</p> Signup and view all the answers

    Who supplied rum to the Spanish royal family in the 1880s?

    <p>Bacardi</p> Signup and view all the answers

    What country became a major producer of rum?

    <p>Puerto Rico</p> Signup and view all the answers

    What was Facundo Bacardi's lasting legacy?

    <p>He founded Bacardi and it became a worldwide brand.</p> Signup and view all the answers

    Why did the embargo of rum persist in Cuba?

    <p>It wasn't lifted until Cuba got its property back.</p> Signup and view all the answers

    What is temperance?

    <p>A movement focused on reducing alcohol consumption.</p> Signup and view all the answers

    What was the main reason for the temperance movement?

    <p>It was a protestant movement based on the belief that alcohol was morally wrong.</p> Signup and view all the answers

    The temperance movement advocated for women's suffrage.

    <p>True</p> Signup and view all the answers

    Who was Sir John A. Macdonald?

    <p>He was the Prime Minister of Canada.</p> Signup and view all the answers

    Sir John A. Macdonald was a strong supporter of prohibition.

    <p>False</p> Signup and view all the answers

    What was the outcome of the 1898 referendum on prohibition in Canada?

    <p>The majority of the electorate voted in favor of prohibition, but the Quebec electorate rejected it.</p> Signup and view all the answers

    Who was Wilfred Laurier?

    <p>He was the Prime Minister of Canada.</p> Signup and view all the answers

    Wilfred Laurier implemented prohibition in Canada.

    <p>False</p> Signup and view all the answers

    When did prohibition go into effect in Prince Edward Island?

    <p>In 1901.</p> Signup and view all the answers

    Prohibition was a war-time measure to conserve resources.

    <p>True</p> Signup and view all the answers

    The prohibition movement was successful in eliminating the consumption of alcohol.

    <p>False</p> Signup and view all the answers

    Study Notes

    General Information

    • No specific text or questions provided for study notes.
    • Please provide information to generate study notes.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    Alcohol & Prohibition History (PDF)
    Q's PDF

    Description

    This quiz focuses on generating useful study notes for various subjects. It encourages the development of effective study techniques and skills applicable across multiple disciplines. Perfect for students looking to enhance their understanding and retention of material.

    More Like This

    Effective Note-Taking Strategies
    5 questions

    Effective Note-Taking Strategies

    AuthoritativeOak avatar
    AuthoritativeOak
    Effective Study Notes Techniques
    8 questions

    Effective Study Notes Techniques

    QualifiedFable avatar
    QualifiedFable
    Effective Note-Taking Techniques
    8 questions

    Effective Note-Taking Techniques

    ProtectiveTopology avatar
    ProtectiveTopology
    General Study Techniques and Strategies
    40 questions

    General Study Techniques and Strategies

    FavorableCotangent4648 avatar
    FavorableCotangent4648
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser