Global Business History Quiz

Explanation
Business history refers to the record of a person's business activities over time, including their economic history with gains and losses in order to make a profit. It encompasses the individual's past experiences, achievements, failures, and strategies in the business world. This includes information about their previous ventures, financial performance, market trends, and overall business acumen. Understanding someone's business history can provide valuable insights into their expertise, decision-making abilities, and potential for success in future endeavors.

Explanation
After the Civil War is the correct answer because industrialization in America occurred primarily between the late 19th and early 20th centuries, which was after the Civil War. This period, known as the Gilded Age, saw significant advancements in industries such as steel, oil, and railroads. The war itself acted as a catalyst for industrialization, as it created a demand for weapons and supplies, leading to the growth of factories and manufacturing. Additionally, the post-war era brought about economic and political stability, allowing for further industrial expansion.

Explanation
Trade by barter refers to the exchange of goods or services for other goods or services, without the involvement of money. In this system, individuals or communities directly trade their surplus or desired items with each other, based on mutual agreement and need. This form of exchange was prevalent before the introduction of currency and is still practiced in some societies today.

Explanation
France's businesses boomed after World War 2. The war had left France devastated, but the post-war period saw a significant economic recovery. The country received aid through the Marshall Plan, which helped in rebuilding the infrastructure and stimulating industrial growth. Additionally, the government implemented policies to promote economic development, such as investing in key industries and establishing social security systems. These factors contributed to the flourishing of businesses in France during the post-war era.

Explanation
All of the above options - cowries, gold, and diamonds - have been historically used as a medium of exchange for goods. Cowries, small seashells, were widely used as currency in many parts of the world, including Africa, Asia, and the Pacific. Gold has been used as a form of currency for thousands of years and is still considered a valuable asset today. Similarly, diamonds have been used as a means of exchange for goods due to their rarity and high value. Therefore, all three options have been used as a form of currency at some point in history.

Explanation
During the slave trade, African slaves were traded for various goods including guns, drinks, and mirrors. This was a common practice where European traders exchanged these items for enslaved Africans. Guns were sought after for their military advantage, drinks such as rum were used to intoxicate and control the slaves, and mirrors were considered luxury items. All of these commodities were used as part of the triangular trade system, where African slaves were traded for goods that were then transported to the Americas.

Explanation
Barbero examined the field of Latin American business.

Explanation
The person examined it in 2008.

Explanation
The University of Business History was established in Liverpool, Britain.