Question 1

Examples of the existence of a transnational capitalist class are

Accepted Answer

The World Economic Forum, the World Bank, and the International Monetary Fund are all examples of institutions that facilitate the activities and interests of the transnational capitalist class. These organizations are involved in promoting and protecting the interests of global capital, often at the expense of workers and national governments.

Question 2

The economist that most closely advocated most of the policies implemented by Franklin D.Roosevelt was

Accepted Answer

Franklin D. Roosevelt's policies were heavily influenced by Keynesian economics, which emphasized government intervention in the economy during times of crisis to stimulate growth and employment. Therefore, the economist that most closely advocated most of the policies implemented by Roosevelt was Keynes.

Question 3

A country that led the movement to refuse to align with either the West or the Soviet Union and tried to build socialism independently was

Accepted Answer

Yugoslavia under the leadership of Josip Broz Tito pursued a policy of non-alignment, rejecting both Soviet influence and Western capitalist influence. They attempted to build socialism independently and developed their own form of market socialism, which they called self-management. However, Yugoslavia's unique approach to socialism eventually collapsed with the fall of communism in Eastern Europe.

Question 4

For Britain cotton textiles were the main product that helped to expand the British hegemony. For the United States the corresponding product was

Accepted Answer

The answer of For Britain cotton textiles were the main...

Question 5

John Maynard Keynes advocated which of the following economic policies

Accepted Answer

Keynes advocated for full employment policies through government intervention and spending, and he also suggested mechanisms for balancing international trade, including incentives for surplus countries to invest in deficit countries.

Question 6

The neoconservative policy of U.S. unilateral military intervention is most similar to:

Accepted Answer

British actions in Africa before World War I involved a mix of military intervention and political influence to secure and expand territories, similar to the neoconservative approach of using military power to achieve political objectives.

Question 7

Imperial overreach refers to

Accepted Answer

Imperial overreach refers to the tendency of declining hegemons to sustain their global power by emphasizing the use of their military capabilities, leading to their ultimate downfall. This has been observed in historical examples such as the Roman Empire and the British Empire. It can lead to a situation where the costs of maintaining a global empire outweigh the benefits, resulting in economic and political instability.

Question 8

The great U-turn refers to:

Accepted Answer

The great U-turn refers to the reversal of the trend toward greater household income equality in core countries since the 1970s. This can be seen as a turning point in economic policy that led to greater income inequality in the United States and other developed countries.

Question 9

The neoliberal counterrevolution involved:

Accepted Answer

The neoliberal counterrevolution involved the privatization of former publicly owned resources, an attack on labor unions, and an effort to dismantle the welfare state. There was not necessarily a renewed commitment to the values of the European Enlightenment. Therefore, F is the best choice.

Question 10

The main causes of the neoliberal counterrevolution were:

Accepted Answer

The neoliberal counterrevolution was largely a reaction to the social and political upheavals of the late 1960s (including the world revolution of 1968) and economic challenges such as the decline of the rate of profit in manufacturing. These factors contributed to a shift towards neoliberal policies aimed at deregulation, privatization, and a reduction in government spending on social services.

Question 11

America's half century was characterized by:

Accepted Answer

A) The first half of the 20th century was characterized by two world wars and various other interstate conflicts. The second half of the century saw relatively lower levels of interstate conflict, making A true.
B) During the second half of the 20th century, the car became increasingly popular, leading to the rise of multicentric car-based cities, making B true.
C) The second half of the 20th century saw the last great wave of decolonization, making C true.
D) The human population continued to grow during the second half of the 20th century, making D false.
E) The percentage of the population living in cities continued to increase during the second half of the 20th century, making E true.
Therefore, the best choice is G, as it includes all the true statements: A, B, C, and E.

Question 12

In the second half of the 20ᵗʰ century the U.S. economy:

Accepted Answer

In the second half of the 20th century, the U.S. economy saw a decrease in manufacturing jobs due to outsourcing to countries with lower wages (D), an expansion in the financial services sector (C), a fluctuation in middle-class jobs with an eventual decrease (B), and continued to benefit from the U.S. dollar's status as a global reserve currency (E).

Question 13

Franklin D.Roosevelt's New Deal was successful because it addressed the needs of industrial and agricultural workers.

Accepted Answer

The answer of Franklin D.Roosevelt's New Deal was successful because...

Question 14

The development of the American Telephone and Telegraph Company (AT and T) supports Marx's notion that the development of technology (the productive forces) has a life of its own, independent of the control of capitalists.

Accepted Answer

Marx's notion is that the development of technology (productive forces) is driven by the economic base (the relations of production), which includes the control of capitalists. The development of AT&T, like other technological advancements, was heavily influenced by capitalist interests, market competition, and regulatory environments, rather than existing independently of capitalist control.

Question 15

Once Stalin came to power in the Soviet Union the influence of socialism in the United States began to decline.

Accepted Answer

Stalin's rise to power in the Soviet Union did not directly cause a decline in the influence of socialism in the United States. The dynamics of socialism's influence in the U.S. were shaped by a variety of factors, including domestic policies, economic conditions, and the broader context of the Cold War, rather than the leadership changes in the Soviet Union alone.

Question 16

Because of all the deaths in World War II, after World War II nationalism declined and transnational organizations movements and organizations became more powerful than international organizations.

Accepted Answer

After World War II, nationalism did not decline; instead, it remained a powerful force. However, there was a significant increase in the creation and influence of international organizations, such as the United Nations, aimed at promoting peace, security, and cooperation among nations, rather than transnational organizations becoming more powerful than international ones.

Question 17

Wallerstein's description of the movement of declining hegemons from production of consumer goods to production of capital goods to production of financial services applies fairly well to the trajectory of the United States

Accepted Answer

Wallerstein's description of the movement of declining hegemons is a cyclical model, where declining hegemons move from production of consumer goods to production of capital goods to production of financial services. The United States has followed this trajectory, as it has shifted from manufacturing consumer goods to more capital-intensive industries like technology and aerospace, and now has a large financial services sector.

Question 18

Whether national independence movements were communist or not, the United States did not support them because their independence made them less likely to allow their resources to be exploited.

Accepted Answer

This statement is false. The United States did, in fact, support some national independence movements, such as those opposing European colonialism in Africa and Asia. The US also supported some anti-communist independence movements during the Cold War, such as in Vietnam and Afghanistan, regardless of whether or not they were likely to allow resource exploitation.

Question 19

There was a time in US history when a requirement for democratic participation was to own property.

Accepted Answer

This requirement was part of the property qualification laws that existed in many states during the early years of the United States, particularly during the late 18th and early 19th centuries. These laws restricted suffrage to men who owned a certain amount of land or property, effectively excluding poorer white men, free black men, and all women from the political process. The property qualifications were gradually abolished in the 19th century, and the 15th, 19th, and 26th Amendments to the U.S. Constitution explicitly prohibit the denial of the right to vote on the basis of race, sex, or age (for those 18 and over).

Question 20

Before World War I women in the U.S. did not have the right to vote.

Accepted Answer

Women did not gain the right to vote in the U.S. until the passage of the 19th Amendment in 1920.

Quiz 18: The World-System Since 1945: Another Wave of Globalization, Hegemony, and Revolutions