Globalization I - The Upside: Crash Course World History

What is globalization?

• The process of making local products

• The process of increasing interconnectedness among countries

• The decline in international trade

• The isolation of nations from each other

Which industry is used in the video to illustrate globalization?

• Automobile manufacturing

• Cotton t-shirt production

• Electronics assembly

• Food processing

Why is U.S. cotton often cheaper than cotton from other countries?

• Higher quality

• Government subsidies

• Lower labor costs

• Advanced technology

Where does the spinning and weaving of cotton typically occur?

• United States

• High-wage countries

• Lower-wage countries

• European nations

What has made global shipping more efficient?

• Increased tariffs

• Advancements in transportation technology

• Reduced demand for goods

• Stricter environmental regulations

How long did it take to cross the Atlantic in 1800?

• 5 hours

• 2 weeks

• 2 months

• 6 months

How long does it take to cross the Atlantic by plane today?

• 5 hours

• 2 weeks

• 2 months

• 6 months

What is one reason for the dramatic increase in global trade?

• Higher transportation costs

• Decreased tariffs and regulations

• Isolationist policies

What term describes trade with minimal government interference?

• Protected trade

• Free trade

• Fair trade

• Monopolized trade

Which organization is often associated with regulating international trade?

• World Health Organization (WHO)

• International Monetary Fund (IMF)

• United Nations (UN)

• World Wildlife Fund (WWF)