Internal improvements are important to a developing and growing economy. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The Sherman Antitrust Act of 1890 was followed almost immediately in the 1890s by the largest merger movement ever known by Americans up to that point in U.S. history. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
In the United States there were legal reserve requirements on time and savings deposits during most of the post-World War II period. Therefore, the money multiplier for the M1 definition was a. smaller when time and saving deposits increased. b. smaller when time and saving deposits were assumed to be fixed. c. larger when time […]
Date: September 10th, 2020
Research in history and economic history shows that before 1880, significant federal participation in the markets of the American economy occurred. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
As the transportation system developed in the U.S., urbanization occurred. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Productivity, or output per labor hour, rises as transportation costs fall. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The real purpose of the Webb-Pomerene Act of 1918 was to alter the terms of trade in favor of the United States. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
If the money supply is $200 million, the reserve requirement is 20%, and currency holding $10 million, then reserves are a. $10 million. b. $40 million. c. $30 million. d. $40 million. e. none of the above ANSWER C
Date: September 10th, 2020
During the antebellum period, factories grew, in part, due to internal economies of scale. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
According to Fishlow’s (1972) work, the U.S. railroads before the Civil War were typically built “ahead of demand” by private capital. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
