Rising agricultural prices and opportunities to own land provided people with incentives to migrate to the trans-Appalachian states. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
By 1860, over one-half of all Southern farms utilized slave labor. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
In which case did the U.S. Supreme Court decide the Constitution was “intended to endure for ages to come and, consequently, to be adapted to various crises of human affairs”? (a) Nebbia v New York (1934) (b) Munn v Illinois (1877) (c) McCulloch v Maryland (1819) (d) Dartmouth College v Woodward (1819) ANSWER (c)
Date: September 10th, 2020
In which of the following cases did the U.S. Supreme Court decide that a corporation was an “individual” but not a constitutional citizen? (a) Nebbia v New York (1934) (b) Munn v Illinois (1877) (c) McCulloch v Maryland (1819) (d) Dartmouth College v Woodward (1819) ANSWER (d)
Date: September 10th, 2020
According to Fogel and Engerman (1974), Northern farmers extensively utilized hired labor. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The corporation, as a form of business organization, fueled the positive trend toward federal regulation of business activities for all of the following reasons except (a) Corporations were rapidly becoming more numerous than sole proprietorships and partnerships. (b) Corporations made possible or encouraged growth in the number of giant enterprises. (c) Corporations were adept at […]
Date: September 10th, 2020
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
