Most surveyed economists support Fogel and Engerman’s (1974) position that plantation owners were largely rational and treated slaves in their best profit interest. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Under the bimetallic system, when did the U.S. experience a depletion in its reserve species? (a) When imports exceeded exports (b) When exports exceeded imports (c) When the U.S. closed its borders to all international trade (d) When the trading partners of the U.S. refused all U.S. imports ANSWER (a)
Date: September 10th, 2020
Contrary to Fogel and Engerman’s (1974) claim, most surveyed economists believed that slavery was on the verge of extinction on the eve of the Civil War. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Prior to the establishment of the Federal Reserve System (1913), reserve requirements (a) limited the banks’ ability to lend. (b) did not restrict the amount of paper-money issued by banks. (c) freed banks to create as much money as the market could bear without regard for risk and withdrawal rates. (d) forced banks to place […]
Date: September 10th, 2020
Stampp (1976) finds evidence to suggest that the Southern slave owners were operating at losses, not profits. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
On the eve of the Civil War, cotton was the major crop in the Old South. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Banking failures result when (a) banks do not hold 100 percent of their customers’ deposits in their vaults. (b) banks make loans. (c) bank withdrawals exceed their reserves. (d) all of the above occur. ANSWER (c)
Date: September 10th, 2020
According to Hughes and Cain (2011), what did the Populists want? (a) To use the federal government to redistribute income and wealth (b) A more direct democracy that limited the powers of state legislatures (c) A secret voting ballot and public education (d) All of the above ANSWER (d)
Date: September 10th, 2020
A strong majority of economists support the proposition that the material, not psychological, conditions of the slaves compared favorably with those conditions faced by industrial workers before the Civil War. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Davis (1963) compares U.S. and British industrialization. What does he note in each country during industrialization? (a) A rise in the number of giant banks in both countries (b) A rise in the number of small banks in the U.S. but a rise in the number of giant banks in Great Britain (c) A rise […]
Date: September 10th, 2020
