Taiwan's Economic Miracle Quiz

Which of the following countries was NOT part of the “Four Asian Dragons”?

• Taiwan

• Japan

• Singapore

• South Korea

What happened to Taiwan’s infrastructure after World War II?

• It was improved by the Allies

• It was kept safe by the Japanese

• It was destroyed by the Allied Forces

• It remained untouched and strong

What was one of the first major steps to stop inflation in Taiwan in 1949?

• A trade deal with China

• New tax laws

• A land reform act

• A currency reform creating the New Taiwan Dollar

What was a major problem with the economy when the Kuomintang first moved to Taiwan?

• Too much foreign investment

• Inflation was very high

• There were too many factories

• The economy was growing too fast

How did the Korean War help Taiwan’s economy?

• It created a new trade route

• It brought Taiwanese soldiers home

• It caused China to protect Taiwan

• It led the U.S. to support Taiwan against communism

What was the total amount of U.S. Aid Taiwan received from 1951 to 1965?

• 500 million USD

• 1 billion USD

• 1.5 billion USD

• 2 billion USD

What were the effects of U.S. Aid in Taiwan?

• It stopped farming and increased imports

• It helped develop agriculture and infrastructure

• It helped Taiwan become part of Japan again

• It mostly supported private banks

What was the purpose of Taiwan’s land reform in 1949?

• To grow more rice for export

• To help landlords become richer

• To give farmers ownership of land

• To build new government offices

What did the 37.5% Arable Rent Reduction Act do?

• Increased taxes on landlords

• Gave land to government officials

• Limited the rent farmers had to pay

• Allowed factories to rent land cheaply

What was the period when Taiwan replaced imported products with local goods called?

• Economic Miracle Stage

• White Terror Era

• Land Reform Period

• Import Substitution Period