The substitution of traditional imports by increasing domestic industrial production in Latin America began to fail in the 1960s because
A. they often lacked sufficient labor to allow them to compete with foreign manufacturers.
B. Japan refused to buy any goods from countries using import-substitution.
C. domestic markets were too small and countries were unable to find enough foreign buyers.
D. United States firms effectively stifled attempts to establish industry in Latin America.
E. foreign capital costs and a welter of other, highly technical problems fatally weakened attempts to expand Latin American industry.
Answer: C
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The Mughals helped to ensure the loyalty of the old aristocracy by providing them with
a. 10% of agricultural taxes. b. free slaves. c. 10% of newly conquered lands. d. a bonus of silver from the Americas. e. subsidies for Buddhist monasteries.
As the economy changed in the early 20th century, Henry Ford led the way with new policies that other corporations would soon follow, most notably
A) pioneering a style of management that delegated corporate decisions to professionals in specialized divisions. B) instituting worker-management teams to share decision making about production. C) paying his workers higher wages to encourage consumerism. D) breaking labor unions and replaced them with industry "worker associations." E) paying his workers low wages to increase the profit margin.
The irony of Andrew Jackson's victory at New Orleans was that:
A) it was fought after the Peace of Ghent had been signed. B) the British commander had been ordered not to attack. C) Monroe had already agreed to cede New Orleans to Spain. D) it left Ft. McHenry vulnerable to British attack.
This policy reasserted the U.S. position as protector of the Western Hemisphere and was seen as an extension of the Monroe Doctrine (1823).
What will be an ideal response?