The demand for slaves was increasing more rapidly in cities than on plantations. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Profitability in cotton farming depended on which of the following factors? (a) Physical crop yields (b) World and domestic cotton prices (c) Subsistence farming during periods of low cotton prices (d) All of the above ANSWER (d)
Date: September 10th, 2020
Under the Bland-Allison Act of 1878, (a) the U.S. Treasury committed to buying silver for coins at the current market price. (b) the U.S. Treasury committed to buying gold for coins at a set price. (c) the U.S. was placed on the gold standard. (d) the National Monetary Commission was created. ANSWER (a)
Date: September 10th, 2020
The Erie Canal provided the first reliable and relatively quick east-west link in markets. This link, consequently, (a) increased profit margins and expanded markets for agriculturalists. (b) increased consumer prices in all markets. (c) increased transportation costs. (d) hindered trade and the accumulation of wealth. ANSWER (a)
Date: September 10th, 2020
Southern slave owners were not rational people and did not strive to maximize profits through the use of the slave system of production. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
By 1900, what did the National Banking System under the Bank Act of 1863 (and subsequent amendments) help national banks attain? (a) A majority of banking establishments (b) A majority of banking assets (c) A monopoly issue of paper money (d) All of the above ANSWER (c)
Date: September 10th, 2020
Under the National Banking Acts of 1863 and 1864, the U.S. monetary system (a) experienced drastic changes. (b) played a role in helping the Union finance the Civil War. (c) permitted, for the first time, the federal government to charter banks. (d) protected the rights of states to be the only entities to charter banks. […]
Date: September 10th, 2020
Investment in the agricultural economy of the antebellum period of U.S. history usually entailed everything below except (a) Clearing lands (b) Purchasing stocks and bonds (c) Constructing fences and buildings (d) Purchasing farm implements ANSWER (b)
Date: September 10th, 2020
The National Banking System under the Bank Act of 1863 created a banking system comprised of a mixture of (a) special state charters. (b) nonchartered private banks. (c) free banks. (d) all of the above. ANSWER (d)
Date: September 10th, 2020
Technological advancements in the antebellum period were (a) constant and stable. (b) almost non-existent. (c) concentrated in manufacturing. (d) slow in coming but labor-saving—especially in agriculture—when they emerged. ANSWER (d)
Date: September 10th, 2020
