Apentix/AP World History/Unit 9: Globalization (1900-Present)/Question
AP World Historyhardmcq1 pt

The 1997 Asian financial crisis demonstrated:

A.The irrelevance of the IMF
B.The stability of state-controlled economies
C.The risks of global financial interconnectedness
D.The benefits of isolationism

Explanation

Core Concept

The Asian financial crisis showed how currency speculation and rapid capital flight in a globalized financial system could devastate national economies, spreading from Thailand to affect Indonesia, South Korea, and beyond.

Correct Answer

CThe risks of global financial interconnectedness

Practice more AP World History questions with AI-powered explanations

Practice Unit 9: Globalization (1900-Present) Questions →
    The 1997 Asian financial crisis demonstrated: | AP World History | Apentix