The evidence shows that the domestic and world markets for American cotton contributed to the spread of slavery into new lands. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
In 1860 government revenues exceeded the earnings of cotton exports by fourfold. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Scherer (1970) provides which of the following argument(s) to explain the appearance of antitrust laws? (a) Many farmers believed that the growth of big business came at the expense of growth in agriculture. (b) Many ordinary individuals with moderate or low incomes were envious of the fame and wealth accumulated by the relatively few industrial […]
Date: September 10th, 2020
Since colonial times, the U.S. government controlled businesses at some level by: (a) letting market actions and interactions between private consumers and producers drive decisions (b) regulating, licensing and closing them. (c) protecting private property rights. (d) providing national defense. ANSWER (b)
Date: September 10th, 2020
The slave gang system increased labor productivity by encouraging members of a slave gang system to specialize in performing assigned tasks and working in rhythm. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
In the struggle to control the power of big business which emerged between the Civil War and World War I, the nation (a) relied heavily on the principles of government expounded by the Founding Fathers such as Thomas Jefferson. (b) slowly changed into the modern regulated economy. (c) decided ultimately that big business was here […]
Date: September 10th, 2020
The steel plow and horse-drawn reaper increased labor productivity on all farms, small and large. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The major problem with the Sherman Antitrust Act of 1890 was that (a) it was struck down by the Supreme Court. (b) the government lacked the tools to enforce it. (c) its language was too vague to be applied the ways desired by Congress. (d) businesses found ways to use the Act clearly in their […]
Date: September 10th, 2020
Historians generally agree that the railroads (a) were absolutely essential for industrial growth in the 19th century. (b) were an indispensable “leading sector.” (c) were our first “giant” enterprises. (d) provided a “social saving” of 90% or more. ANSWER (c)
Date: September 10th, 2020
The long-term impact of Munn v Illinois (1877) on regulatory efforts was (a) to hold back federal efforts to regulate business. (b) to prevent states from regulating interstate trade. (c) to provide a temporary justification for regulating business. (d) to establish government as able to regulate all businesses permanently. ANSWER (d)
Date: September 10th, 2020
