Chapter 9 Quiz

Question 1

What is sustainable prosperity?

Answer 1

practicing stewardship of the environment and resources so that future generations are able to achieve prosperity

Stewardship = protect, take care of
Prosperity = success, wealth

Question 2

What is economic globalization?

Answer 2

spread of trade, transportation, and communication systems around the world in the interests of promoting world commerce.

Question 3

What happened in the 20th century? (1900’s)

Answer 3

• WWI
• Vietnam war
• Space race
• Rwanda genocide
• WWII
• Great depression
• Charter of R+F
• Holocaust
• Cold war

Question 4

How did the 20th century world events shape modern economic globalization?

Answer 4

1914: WWI begins in Europe
1917: Revolution and civil war begin in Russia.
1918: WWI ends
1922: Civil war ends in Russia with Communist Party in control
1929: Great Depression begins when stock markets crash in major cities
1939: WWII begins in Europe
1939-1941: Great Depression ends in various countries
1941: WWII expands to Asia when Japanese forces bomb Pearl Harbour and capture Hong Kong
1945: WWII ends with the surrender of Germany and Japan

Question 5

What was the Treaty of Versailles?

Answer 5

was signed after WWI and made Germany pay reparations (damages)
to France, Britain, and Russia and take complete blame for the war.

Question 6

Who was Czar Nicholas II?

Answer 6

was an absolute monarch with total control and Russian peasants lived in harsh
conditions. Russia was not industrialized and workers struggled to survive. Soldiers had poor
weapons and were continuously defeated.

Question 7

What was The Great Depression?

Answer 7

• late 1920s
• low unemployment and high share prices
• investors were confident and willing to spend money to buy shares
• October 29 1929 (Black Tuesday), share prices started to fall and investors lost confidence, selling their shares and starting a panic
• people couldn’t pay their bills or repay loans
• no bank insurance, no employment insurance, welfare, etc)
• drought in Canada made the Great Depression even more destructive
  -Franklin D. Roosevelt was elected and had the government intervene to fix the economy, something previous governments had not done
  before.

Question 8

What was WWII?

Answer 8

• Germany suffered because it didn’t experience roaring 20’s and it was still making reparation payments.
• 1933, Adolf Hitler rose to power promising to end to reparation payments and rebuild the economy.
• More than 50 countries and colonies were drawn into war and more than million people died.
• German death camps killed between 10-26 million people.
• WWII brought Canada out of the Great Depression
• More than a million women joined the workforce when men enlisted.

Question 9

What was the Bretton woods conference?

Answer 9

was an attempt by world powers to prepare for the end of
WWII and find a way to avoid economic turmoil that would create another world war.