Introduction to Globalization Study
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Questions and Answers

What is an example of a regional monetary regime mentioned in the text?

  • Bullionism
  • Bretton Woods System (correct)
  • Gold Standard
  • Silk Road

    • In the context of economic globalization, what was the significance of the Industrial Revolution?

  • It led to the establishment of the Gold Standard
  • It abolished British Corn Laws
  • It caused a defeat of farmers, landowners, and fishermen by industrialists (correct)
  • It introduced the concept of paper money

    • Which event marked the beginning of the use of banknotes for transactions according to the text?

  • Bretton Woods System formation
  • Global Financial Crisis 2008
  • Industrial Revolution (correct)
  • Gold Standard establishment

    • What is the main characteristic of the Silk Road as mentioned in the text?

    <p>It connected Europe and Asia through trade routes</p> Signup and view all the answers

    Which system used the Euro as the currency for state-to-state trade transactions?

    <p>Gold Exchange Standard</p> Signup and view all the answers

    What was the main issue faced during the Global Financial Crisis of 2008 according to the text?

    <p>Stability issues affecting member-states</p> Signup and view all the answers

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