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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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- Fall '10