History Q chap 20 - you What ideas if any do you have most...

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Chapter Review Questions: Purpose: History classes can be overwhelming, so many dates, places, names, etc. The purpose of the questions below is to get you to focus on major ideas or themes in each chapter. The questions are designed to get you to “flesh out” these ideas. Yes or no answers are not expected nor wanted . Students should also look to see if an “Economic Reasoning Principle” applies and note it. o These questions, and their answers will form the basis for much of your grade. o You will find answers to quizzes as well as midterm essay questions built around these weekly chapter questions. o If you do not prepare these questions in advance of class you will lose points for participation . Moreover, you will not be well prepared for the midterms. Questions Chapter 20: Commerce at Home and Abroad 1. Given your prior knowledge or studies, what about this chapter most surprised
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Unformatted text preview: you? What ideas, if any, do you have most trouble accepting? Why? 2. Which, if any, of the economic principles discussed in the first week did you see at play in this chapter? 3. What were the major changes in marketing and selling and why did they arise now? (i.e. wholesaling, branding, credit, retailing, department and specialty etc…) 4. What is productive differentiation and why do businesses start to focus on it now? 5. How did the US economy change with respect to production? How and why did the patterns of trade change from 1850-1900? 6. What is a tariff? Summarize their movements and explain why they are easy to defend? 7. How and why did the income tax come about? 8. Do economists find convincing the arguments made by historians that “economic motivations” were the primary explanation of US expansionism? Chapter Review Questions:...
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