US Industry Develops - multinational expansion and globalisation (Leaving Cert History): Quizzes
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Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What are multinational corporations (MNCs)?
What are multinational corporations (MNCs)?
Companies operating in multiple countries
Which of these was an American MNC that became a global brand after WWII?
Which of these was an American MNC that became a global brand after WWII?
Coca-Cola
How did operating internationally benefit MNCs?
How did operating internationally benefit MNCs?
Access new markets & lower production costs
How did MNC expansion boost the US economy?
How did MNC expansion boost the US economy?
Increased exports & created more jobs
Why did foreign countries invest in the US after WWII?
Why did foreign countries invest in the US after WWII?
They saw the US as stable & prosperous
What is globalisation?
What is globalisation?
Increased interconnectedness among nations
What made globalisation easier after 1945?
What made globalisation easier after 1945?
Tech advances, transport & communication
How did globalisation benefit the US economy?
How did globalisation benefit the US economy?
Sell products worldwide & import goods
What did GATT later become?
What did GATT later become?
The World Trade Organisation (WTO)
What was the main purpose of GATT and the WTO?
What was the main purpose of GATT and the WTO?
Reduce trade barriers & promote competition
What goods did the US export in the post-war period?
What goods did the US export in the post-war period?
Machinery, technology & agricultural goods
What did the US import during the post-war global trade expansion?
What did the US import during the post-war global trade expansion?
Raw materials & consumer products