Executives from five oil companies met at Achnacarry Castle in Scotland in 1928 to draft which agreement?

Executives from five oil companies met at Achnacarry Castle in Scotland in 1928 to draft which agreement?

• A. 1932
• B. 1914
• C. 1945
• D. 1928

Answer: (D)

Think of the Achnacarry Agreement—the informal pact among five major oil companies to coordinate production and pricing to stabilize the world oil market. It was drafted at Achnacarry Castle in Scotland in 1928, making that year the correct one. The agreement helped birth the idea of an international oil cartel, shaping how major firms managed supply and prices for years. The other years correspond to unrelated events: 1914 marks the start of World War I, 1932 sits during the Great Depression, and 1945 marks the end of World War II. So, 1928 is the right choice.

Think of the Achnacarry Agreement—the informal pact among five major oil companies to coordinate production and pricing to stabilize the world oil market. It was drafted at Achnacarry Castle in Scotland in 1928, making that year the correct one. The agreement helped birth the idea of an international oil cartel, shaping how major firms managed supply and prices for years. The other years correspond to unrelated events: 1914 marks the start of World War I, 1932 sits during the Great Depression, and 1945 marks the end of World War II. So, 1928 is the right choice.