Week 7: The Politics of Spirits and Temperance

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Questions and Answers

What was the primary economic influence of the Silk Road?

It facilitated the exchange of raw materials exclusive to Asia.

It opened long-distance economic relationships between East and West. (correct)

It restricted trade between the Roman Empire and Asia.

It fostered agricultural development in Europe.

Which of the following innovations significantly increased thread production speed in Britain?

Steam Engine

Cotton Gin

Power Loom

Spinning Jenny (correct)

What was one major social change that occurred during the Industrial Revolution?

Retreat of women from the workforce.

Decrease in textile production.

Increase in rural populations.

Rise of urban living and cities. (correct)

What was a significant economic impact of British colonial policies on India's textile industry?

Decline of India's textile industry Signup and view all the answers

How did the Industrial Revolution impact Britain's trade relationships by the late 1790s?

North America and the West Indies received 57% of exports. Signup and view all the answers

Which disease was facilitated by the Silk Road's trade routes?

Black Plague Signup and view all the answers

How did British control affect India's cultural identity?

It eroded India's cultural identity Signup and view all the answers

Which of the following best describes the role of the Silk Road?

It connected various trade centers and facilitated commerce Signup and view all the answers

What was a significant outcome of the Triangle Shirtwaist Factory Fire?

Stronger labor regulations including fire safety measures Signup and view all the answers

What key factor made Britain an ideal location for industrialization?

Availability of water and coal supply. Signup and view all the answers

What was one of the driving factors of the textile industry mentioned?

Consumer demand influenced by fashion trends Signup and view all the answers

Which factor contributed to the British colonial ban on Indian textiles?

To ensure British economic dominance through restrictions and tariffs Signup and view all the answers

Which invention by Eli Whitney transformed cotton production?

Cotton Gin Signup and view all the answers

What was the impact of the Rana Plaza Collapse on global perceptions?

It sparked debates on corporate responsibility and worker safety Signup and view all the answers

What was a consequence of the cottage industry before the Industrial Revolution?

Workers controlled their schedules but were less productive. Signup and view all the answers

What was the consequence of the British policies on India's economic autonomy?

Reinforcement of India as a supplier of raw materials Signup and view all the answers

What percentage of the textile revenue is accounted for by fair trade and environmentally sustainable textiles?

0.5% Signup and view all the answers

In what ways did silk contribute to ancient trade?

Silk symbolized luxury and status among the wealthy Signup and view all the answers

What was a direct effect of the restrictions on textiles imposed by the British?

Assertion of British dominance over Indian society Signup and view all the answers

How did British policies impact India’s textile industry during colonial rule?

Secured steady raw materials for British factories while weakening Indian competition Signup and view all the answers

When did the Silk Road begin to facilitate trade?

Around 100-200 BCE Signup and view all the answers

Why are consumers and companies considered to share responsibility for ethical practices?

Demand for cheap products influences production decisions Signup and view all the answers

What was a consequence of colonial exploitation on India’s economy?

Weakened India's industrial and economic development Signup and view all the answers

What impact did subcontracted homeworkers have on garment production in developing countries?

Diminished oversight and led to lower pay Signup and view all the answers

Which type of drilling is specifically aimed at searching for new oil reserves?

Exploratory Drilling Signup and view all the answers

What classification of oil indicates a lower sulfur content?

Sweet crude Signup and view all the answers

What part of the oil supply chain involves the refining and distribution process?

Downstream Signup and view all the answers

Which country had the largest oil reserves in 2022?

Venezuela Signup and view all the answers

Which of the following is NOT a recognized downside of petroleum?

High energy output Signup and view all the answers

Which method of investment is commonly associated with petroleum?

Oil futures Signup and view all the answers

What is a significant factor that influences crude oil prices?

Geopolitical events Signup and view all the answers

Which alternative energy source converts sunlight into electricity?

Solar power Signup and view all the answers

Which of the following aspects characterized early tourism during the Roman Empire?

Safe travel allowed wealthy Romans to explore famous historical sites. Signup and view all the answers

What economic impact did tourism have globally in 2019?

Generated 10.5% of global jobs and 10.4% of the world’s economy. Signup and view all the answers

What innovation marked the beginning of modern cruises?

Luxury ships like the Titanic that catered to wealthy travelers. Signup and view all the answers

What was a significant development in commercial aviation during the 1930s?

Launch of the Douglas DC-3, improving speed and comfort. Signup and view all the answers

Which factor contributed to the slowdown of tourism during World War II?

Travel became unsafe and less feasible. Signup and view all the answers

What feature distinguishes modern cruise ships from earlier ones?

Inclusion of luxury amenities and entertainment like floating hotels. Signup and view all the answers

Which company is notably linked to the beginnings of organized tourism in the 1800s?

Thomas Cook. Signup and view all the answers

What challenge do large cruise ships face in modern tourism?

The inability to dock in all ports. Signup and view all the answers

What is a primary challenge faced by OPEC in stabilizing global oil markets?

Increased non-OPEC competition Signup and view all the answers

Why does West Texas Intermediate (WTI) generally trade at a discount to Brent oil?

Export restrictions and transportation challenges Signup and view all the answers

What impacts the pricing of Alberta's oil products like WCS and dilbit?

Oil quality and geographic location Signup and view all the answers

What is a characteristic of Brent Oil that makes it a global benchmark?

It is light and sweet with low sulfur content. Signup and view all the answers

Dilbit, a product from Alberta's oil sands, is primarily characterized by what?

It is a blend of bitumen and diluents. Signup and view all the answers

What effect does lower oil prices have on Alberta's royalty revenue?

Decreases the royalty revenues collected Signup and view all the answers

Why is Western Canada Select (WCS) priced lower than WTI?

Greater distance from coastal refineries Signup and view all the answers

What is a key factor that could improve Alberta's oil pricing situation?

Increasing pipeline capacity for market access Signup and view all the answers

Study Notes

Week 7 (The Business of Alcohol): The Politics of Spirits

Gin was an early example of trade policy's impact on alcohol policy, leading to unintended consequences.
Rum's development has always been influenced by politics.
Gin's popularity in the 1600s and 1700s stemmed from its low cost.
The Gin Act of 1751 was a temperance measure to control gin production and consumption through licensing.
Gin regained popularity in the 1800s.
Rum was often mixed with quinine to treat malaria.
Rum production was linked to sugar plantations, which relied on slave labor.
British sailors' daily rum rations were a historical practice.
The British discouraged American rum production, which led to more whiskey production.
Bacardi established its rum operations in Cuba.
Bacardi sought compensation from the Cuban government for the loss of its distilleries.

Week 7, Part Two: "Every Day's a Sunday" - The Temperance Movement and Prohibition

Prohibition was a legal ban on alcohol production, sale, and consumption.
Supporters mainly came from Protestant churches and focused on moral and economic reasons.
Prohibition began in Canada with influence from Britain and the US, with support from the WCTU.
Local "option" laws allowed communities to decide to ban alcohol.
The 1898 referendum, led by Wilfrid Laurier, resulted in a close vote against national prohibition.
During WWI, there were calls for patriotism-based bans on alcohol.
Prohibition's impact in the US included illegal alcohol production (bootlegging), and arguments it took away people's rights.
The 21st Amendment in 1933 repealed Prohibition in the US.
Ontario, Canada, replaced prohibition with alcohol control by the LCBO in 1927.

10. Trends in the Alcohol Industry

The alcohol market is dominated by a few multinational companies.
AB InBev controls about one-third of global beer sales.

7. Brand Extensions

Definition: Expanding into new products to increase sales.
Types of extensions include line extensions and category extensions.

8. Conclusions

Successful brand extensions lead to increased profits and brand strengthening.
Alcohol companies utilize creative marketing strategies to stay relevant.

Early Tourism

The Roman Empire facilitated safe and accessible travel.
Wealthy Romans traveled to explore famous locations and relax at spas.
Pilgrimages were religious journeys that created business opportunities.
The Grand Tour was a wealthy young men's European travel experience focused on art and architecture.
Thomas Cook organized tours in the 1800s.

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Description

Explore the intricate relationship between alcohol policy and political decisions throughout history. Discover how gin and rum have influenced trade, social practices, and movements such as temperance and Prohibition. Delve into historical events like the Gin Act and Bacardi's operations in Cuba to understand the socio-economic implications.