Chapter Chronology

Quiz for Global Trade: Oil

Select the best answer. Click Submit for each question to turn in your work.

Question

1. What was kerosene primarily used for in the nineteenth century?

A.
B.
C.
D.
Correct: The answer is b. In both Europe and the United States, consumers embraced the bright, clean-burning, and relatively inexpensive oil for use in their lamps.
Incorrect: The answer is b. In both Europe and the United States, consumers embraced the bright, clean-burning, and relatively inexpensive oil for use in their lamps.
1. What was kerosene primarily used for in the nineteenth century?

Question

2. Which country competed with the United States for control of the world kerosene market in the late nineteenth century?

A.
B.
C.
D.
Correct: The answer is c. After drilling began on the Caspian Sea, Russian capitalists fought well-publicized “oil wars” with Standard Oil for world kerosene markets.
Incorrect: The answer is c. After drilling began on the Caspian Sea, Russian capitalists fought well-publicized “oil wars” with Standard Oil for world kerosene markets.
2. Which country competed with the United States for control of the world kerosene market in the late nineteenth century?

Question

3. Which of these countries had more than enough domestic oil to meet its own needs in the decades before World War II?

A.
B.
C.
D.
Correct: The answer is d. Before World War II, the United States was a major exporter of oil. In contrast, Germany, Britain, and Japan all imported oil.
Incorrect: The answer is d. Before World War II, the United States was a major exporter of oil. In contrast, Germany, Britain, and Japan all imported oil.
3. Which of these countries had more than enough domestic oil to meet its own needs in the decades before World War II?

Question

4. How did the international oil trade change in the decades following World War II?

A.
B.
C.
D.
Correct: The answer is b. Growing demand for oil in the United States led to the importation of large amounts of oil. At the same time, oil production in the Middle East boomed.
Incorrect: The answer is b. Growing demand for oil in the United States led to the importation of large amounts of oil. At the same time, oil production in the Middle East boomed.
4. How did the international oil trade change in the decades following World War II?

Question

5. What organization was founded by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela in 1960?

A.
B.
C.
D.
Correct: The answer is c. The Organization of Petroleum Exporting Countries (OPEC) was founded in order to help its members gain control of their oil resources.
Incorrect: The answer is c. The Organization of Petroleum Exporting Countries (OPEC) was founded in order to help its members gain control of their oil resources.
5. What organization was founded by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela in 1960?