In What Way Did the Second Industrial Revolution Lead to Greater

question 53

Multiple Choice

In what way did the second industrial revolution lead to greater global economic integration?

• A) The demand for silk and spices increased as people in the North Atlantic region became more prosperous.
• B) Necessary raw materials such as coal and iron had to be exported to Europe's overseas colonies.
• C) The demand for energy led to scouring the world for geothermal power sources.
• D) Necessary raw materials such as rubber, copper, oil, and bauxite were not readily available in the North Atlantic states and had to be imported from overseas.

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Definitions:

Property Taxes

Taxes levied by local governments based on the value of property owned, such as land and buildings.

Compound Annual Rate

The rate of return that would be required for an investment to grow from its beginning balance to its ending one, compounding over a period of a year.

Compounded Annually

Describes the calculation of interest on an investment whereby the interest earned each year is added to the principal sum, leading to interest being earned on interest from the subsequent year onwards.

Monthly Compounded

Calculation of interest on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan, compounded every month.