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This quiz consists of 5 multiple choice and 5 short answer questions through Part 5, Chapter 31.

Multiple Choice Questions

1. What overcame Ibn Saud's reticence to allow infidel money into his kingdom?
(a) Security worries
(b) His desire to expand into Egypt
(c) Churchill's influence
(d) Financial problems

2. What did Calouste Gulbenkian come to be known as after APOC and Shell gave him shares in their companies?
(a) Oil Baron of Persia
(b) King of Persia
(c) Mr. Five Percent
(d) Controlling Interest

3. Who took over leadership of Standard from Rockefeller?
(a) John Mellon
(b) Immanuel Nobel
(c) Daniel Rockefeller
(d) John D. Archibold

4. The Royal Dutch company joined forces with what other oil company in 1907?
(a) BP
(b) Shell
(c) Standard
(d) Exxon

5. Who took over leadership in Libya?
(a) David Barran
(b) Armand Hammer
(c) Muammar al-Qaddafi
(d) Abdullah Tariki

Short Answer Questions

1. U.S. oil production rose how much between 1940 and 1945?

2. In what year was OPEC founded?

3. The Rothschilds created what company in 1902?

4. Who succeeded Nasser in 1970?

5. What was the most competitive market in the world in the 1950s-60s?

(see the answer key)

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