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Money Quiz 1
Quiz by Amanda Jenkins
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Multiple choice quiz on this reading: By 1900, the United States had claimed its place as a world power through the Spanish-American War. As the new century began, the country governed subject territories in Puerto Rico, Hawaii, Guam, the Wake Islands, and the Philippines. U.S. troops also occupied Cuba. U.S. businesses reached beyond the country's borders. During the first decade of the new century, the Coca-Cola Company, Quaker Oats, AT&T, the Standard Oil Company, Du Pont, General Electric, and Ford Motor Company seized the opportunity for international sales. After finding international markets, they built factories abroad, taking advantage of lower labor costs in foreign countries. Then they asked for U.S. protection of their investments and interests. Foreign countries invested heavily in Central America. U.S. investors focused on banana plantations and mining, as well as railroads, with little money in government bonds. By 1913, U.S. investments in Central America totaled about $93 million. British investment in Central America peaked at about $115 million in 1913. About $75 million of that total represented railroad holdings, mostly in Costa Rica and Guatemala. The other $40 million was in government bonds, which were worth little or nothing. The Roosevelt Corollary to the Monroe Doctrine From its earliest days, the United States claimed a special interest in the Western Hemisphere. The Monroe Doctrine, issued in 1823, warned European powers to keep their hands off Latin America. In 1902, Britain, Germany, and Italy mounted a naval blockade of Venezuela. They wanted to force the government to repay its debts. All the countries involved eventually agreed to settle the matter by arbitration. The United States stood back and did nothing, but U.S. citizens were clearly uneasy with the appearance of European military forces in "their" hemisphere. In 1904, President Theodore Roosevelt issued a corollary to the Monroe Doctrine, saying that the United States would act as a police officer to keep order in the region. He intended both to keep European military forces out of the hemisphere and to protect U.S. and European investors, exerting whatever pressure or control on Latin American governments that might be necessary to these ends. In 1905, the Dominican Republic owed $40 million in debts to European lenders. In order to prevent the European nations from using military force to collect their debts, Roosevelt used U.S. power. The United States basically took over collection of Dominican customs taxes, declared that $20 million of the debt was unjustified, and began repayment of the rest. Building a Canal The United States needed a canal through Central America, in order to save shipping time and costs. Colombia had the best location for a canal, and the United States negotiated a deal. It would pay Colombia $10 million for a three-mile-wide strip of land and would make annual rental payments of $250,000 yearly, beginning in 1912. Colombia's Senate turned down the deal, and Roosevelt exploded in rage, calling its members "foolish and homicidal corruptionists." Roosevelt considered seizing the land for the canal by military force but soon found an easier way. The province of Panama seceded from Colombia. A U.S. gunship stood off shore, protecting the Panamanian rebels. They formed a new republic under the protection of the United States. The new country of Panama and the United States agreed on a canal treaty within days. The new treaty had similar terms except that the Canal Zone would be five miles wide, instead of three, and the United States would guarantee and maintain the independence of Panama. Revolutions While Roosevelt welcomed the revolution that separated Panama from Colombia, he opposed most other revolutionary activity. So did his successors in office, William Howard Taft and Woodrow Wilson. The U.S. presidents sent troops to put down revolutions in Nicaragua and Haiti, using U.S. military forces to set up new governments in those countries and maintaining military occupations for years. U.S. military interventions were frequent throughout the hemisphere. Dollar Diplomacy President Taft preferred using "dollar diplomacy" to control Latin American countries. In Honduras, for example, U.S.-based banana companies virtually ran the government. Taft supported expanded U.S. investment in South and Central American countries, the Caribbean, and the Far East. He ordered Secretary of State Philander Chase Knox to protect U.S. investments, sending in military troops if necessary. On the World Stage As a world power, the United States did not limit its involvement to the Western Hemisphere. In 1905, President Roosevelt brought Russia and Japan to the negotiating table to end their war over control of Korea and Manchuria. Roosevelt agreed to Japanese annexation of Korea in return for Japan giving up any claim to China, Hawaii, and the Philippines. Roosevelt won the Nobel Peace Prize for settling this dispute. In 1906, Roosevelt's negotiating powers were tested again. This time, he mediated a dispute between the Alliance powersâGermany, Austria-Hungary, and Italyâwith the EntenteâFrance, Russia, and Britainâover control of Morocco. The United States backed France and ended the dispute. No longer an upstart, the United States had taken its place as a world power alongside its former colonial ruler.
'Create a quiz based on this lesson: . Tenali Rama was known for his sense of humour. In fact, King Krishnadevaraya used to enjoy his witty remarks even when they were targeted at him. Here is one such story. Scene 1 One day, an Arab horse trader visited the court of King Krishnadevaraya. He had a fine horse for the king. The (Greek/Chinese/Arab/ British) trader visited the court of King Krishnadevaraya King: All of you know that I am very fond of horses. The horses in my stable are the finest indeed! Send the trader in! I always want some rare breeds of horses from across the world to add to my man collection. Trader: Good day, Your Majesty! I have brought one of the finest horses from ArabiaI request you to see the horse. I am sure you will want him for your royal stable. King: This is indeed a magnificent creature! I wish to buy this fine horse. Trader: Your Majesty, I have two more such horses with me in Arabia and it would be my pleasure to bring them to you. Trader: You are really kind and I am sure you will like ader merchant magnificent splendid/superb King: I am so happy to hear that. I agree to buy the other two horses as well Into Trader: l am grateful for your offer and I promise to return with the other two horses within a week's time. Scene 2 Months passed, but there was no sign of the trader. Worried and anxious, the king decided to take a stroll in the garden. There, he spotted Tenali Rama sitting under a tree and scribbling something on a piece of paper. King: What are you writing on this sheet of paper, Rama? Rama: Here is the paper. You can see for yourself. It is the list of names of people who can be called 'very foolish!. Rama showed the paper to the king. It was a list of names with the king's name at the top. King: My name is always on top of the list. I do know that you respect me. On the top of the list was writtenâ 'List of the Biggest Fools in the World! He became furious. King: How can you call your King, 'a fool?' You will have to explain it to me. Rama: lam really sorry that I had to add you as well in the list of fools. How could your Highness trust an unknown Arab horse trader, give him a huge advance, and expect him to return? ' King: What if he really comes back? Rama: If he returns with his horses after taking so much money from you, then I will put his name as the first one. So, he will be on top of the list of fools. The king realized his mistake. His anger slowly gives way to laughter. King: You are really funny, Rama. I was very unhappy, but with your witty remark, you have defused my anger and anxiety. I love your sense of humour. Rama: Dear King, you are so good to everyone! You fail to understand that you should be good to people, but should never trust strangers. The king agreed and they walked back to the palace.