Analyze the Reasons Why 1919 Was a Watershed Year for the United

question 5

Multiple Choice

Analyze the reasons why 1919 was a watershed year for the United States and the world.
Multiple Choice
1 At the beginning of the twentieth century, what was the major currency of international trade?

• A) the American dollar
• B) the German mark
• C) the British pound
• D) the Chinese renminbi
• E) the Japanese yen

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Definitions:

Collateral Labour Markets

Secondary or peripheral segments of the labour market characterized by lower job security, lower wages, and less formal employment structures.

Unions

Are organizations of workers that seek to defend and promote their members’ interests.

Communism

A political and economic ideology advocating for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Classless Society

An ideal society in which there is no division or class stratification among its members, implying equality in terms of status, wealth, and power.