History of International Trade Quiz

Play an AI-generated podcast conversation about this lesson

What was the primary purpose of the American slave auction mentioned in the text?

To export value-added finished products to non-industrialised nations

To separate family members from each other

To temporarily hire skilled slaves for industrial work (correct)

To advertise raw materials for sale

What effect did the Industrial Revolution have on the demand for raw materials?

Shifted the demand from raw materials to manufactured goods

Increased the demand for raw materials (correct)

Had no impact on the demand for raw materials

Decreased the demand for raw materials

During the World Wars I and II, what did countries impose for the first time?

Trade taxes and quantitative restrictions (correct)

Tariffs on finished products

Free trade agreements

No trade regulations

What role did organisations like General Agreement for Tariffs and Trade play during the postwar period?

Helped in reducing tariff Signup and view all the answers

What happened to regions producing primary goods in the later half of the nineteenth century?

Became less important as industrial nations became each other’s principle customers Signup and view all the answers

What was a common outcome of the American slave auctions mentioned in the text?

Many family members never saw their loved ones again Signup and view all the answers

What was the main reason for trade being restricted to local markets in ancient times?

The lack of advanced transportation methods Signup and view all the answers

Which route is mentioned as an early example of long distance trade connecting Rome to China?

Silk Route Signup and view all the answers

What new form of trade emerged along with the trade of exotic commodities during European colonialism?

Slave Trade Signup and view all the answers

Which country abolished slave trade in 1792?

Denmark Signup and view all the answers

During which centuries was slave trade a lucrative business?

Eighteenth and Nineteenth centuries Signup and view all the answers

What led to the growth of European commerce during the twelfth and thirteenth century?

Development of ocean going warships Signup and view all the answers

History of International Trade Quiz

Podcast Beta

Questions and Answers

What was the primary purpose of the American slave auction mentioned in the text?

What effect did the Industrial Revolution have on the demand for raw materials?

During the World Wars I and II, what did countries impose for the first time?

What role did organisations like General Agreement for Tariffs and Trade play during the postwar period?

What happened to regions producing primary goods in the later half of the nineteenth century?

What was a common outcome of the American slave auctions mentioned in the text?

What was the main reason for trade being restricted to local markets in ancient times?

Which route is mentioned as an early example of long distance trade connecting Rome to China?

What new form of trade emerged along with the trade of exotic commodities during European colonialism?

Which country abolished slave trade in 1792?

During which centuries was slave trade a lucrative business?

What led to the growth of European commerce during the twelfth and thirteenth century?

More Quizzes Like This

Chapter 1: Evolution of International Trade

Mercantilism in European Trade History

History of the British Pound in International Trade

Silk Road Trade History Quiz

Upgrade to continue