Globalization, Digital Change & the 2007–2009 Financial Crisis — Drills · Grade 11 Social Studies
Chapter: Global Connections, Security & Historical InquiryWhat these drills covers
By the end of Globalization, Digital Change & the 2007–2009 Financial Crisis you should be able to:
- I can trace a supply chain.
- I can explain a historical connection using relevant evidence and qualify the conclusion.
4 questions, written answer, each with a worked explanation.
Vocabulary used: context, evidence, interpretation, supply chain, digital divide.
Problem 1
Answer and explanation
Gross export value and the value added at one stage are different measures. A global supply chain can create interdependence while distributing earnings and risks unequally. Trace ownership, finance, production, transport, and consumption rather than assuming every country or worker receives the same share of a product’s price.
Problem 2
Answer and explanation
The Internet is a network infrastructure; the web is one system using it. Public research, universities, private firms, standards, and users contributed through different roles. A device or connection alone does not establish equal digital skills, reliable access, or control over how information is distributed.
Problem 3
Answer and explanation
Digital publicity and a credible record are different things. A widely shared financial claim still requires source, date, definitions, and evidence. Platform incentives can influence visibility without determining truth. Compare original documentation and independent data rather than treating repetition as corroboration.
Problem 4
Answer and explanation
Mortgage losses, leveraged institutions, and disrupted short-term funding could reinforce one another during the crisis. TARP legislation and Federal Reserve action used different tools. Compare immediate stabilization with employment, housing, distribution, and later regulation instead of assuming one intervention explains every outcome.