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This quiz consists of 5 multiple choice and 5 short answer questions through Part 5, Chapter 32.

Multiple Choice Questions

1. Who undercut Middle Eastern oil?
(a) The Soviet Union
(b) The United States
(c) Chile
(d) France

2. Who bought out Maurice Clark for $72,000?
(a) Daniel Standard
(b) Woodrow Wilson
(c) Marvin H. Davis
(d) John D. Rockefeller

3. Venezuela nationalized oil production in what year?
(a) 1955
(b) 1976
(c) 1961
(d) 1988

4. The Rothschilds created what company in 1902?
(a) Asiatic Petroleum Company
(b) Shell Oil Company
(c) Royal Dutch Company
(d) Standard Oil Company

5. Who became Britain's chief oil supplier just before WWI?
(a) APOC
(b) Shell
(c) Royal Dutch
(d) Exxon

Short Answer Questions

1. What weakened OPEC's position?

2. The deals between countries and oil companies for royalties and other fees were referred to as what?

3. From 1949-72, world oil consumption did what?

4. Britain and France joined with what country to plan an attack on Egypt?

5. Japan invaded which country in 1931?

(see the answer key)

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