Practice Quiz

CLEP Western Civ II

Category - Nationalism

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Which of the following describes the development of European corporations in the second half of the 19th century?
  1. They began to reappear after the Industrial Revolution had virtually eliminated them.
  2. They were highly regulated by their respective governments.
  3. Credit systems were unable to keep up with their rapid development, creating issues.
  4. They became increasingly large and global in their reach.
  5. They became more powerful than the governments in the countries that hosted them.
Explanation
Answer: D - European corporations saw significant growth in the late 19th century and became increasingly global. Since their founding in the 17th century, they had always been focused on international business, but their scope and scale increased exponentially in this era. For example, a French company undertook the building of the Suez Canal, with the British as the primary stockholder. The stock market also increased dramatically in this era, as finance grew to accommodate big business.
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