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This quiz consists of 5 multiple choice and 5 short answer questions through Part 4, Chapter 27.

Multiple Choice Questions

1. What was the most competitive market in the world in the 1950s-60s?
(a) Africa
(b) Asia
(c) Europe
(d) South America

2. Japan invaded which country in 1931?
(a) India
(b) Korea
(c) China
(d) Russia

3. Who stepped in to restore order as majors and independents feuded in the United States?
(a) Texas Railroad Commission (TRC)
(b) California Oil Association (COA)
(c) North American Oil Commission (NAOC)
(d) United States Automobile Association (USAA)

4. What "taboo" did Venezuela break in the 1940s?
(a) Selling the royalty oil directly on the world market
(b) Allowing a foreign country to partner with domestic oil companies
(c) Taking less than market value for its oil production
(d) Breaking an oil agreement for a better deal

5. What material was rationed in the U.S. during the war?
(a) Oil
(b) Cotton
(c) Water
(d) Rubber

Short Answer Questions

1. On April 5, 1945, who prepared to advance on Japan?

2. What document came out of the meeting, which encouraged cooperation by the oil companies?

3. Stalin wanted oil from which country to supplement Soviet production?

4. What sprung up to process crude oil into kerosene?

5. What was the name of the pipeline that stretched from Texas to the East Coast?

(see the answer key)

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