stguide3.f10 - ECON 2200-Moore Study Guide for Exam 3 Exam...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ECON 2200-Moore Study Guide for Exam 3 Exam 3 will be held in our regular classroom on Monday, November 15. The exam will cover the following sections of the syllabus: II. The Reunification Era: Southern Stagnation, Western Expansion & the Industrial Revolution (c. 1865- 1920) Money and Banking after the Civil War Walton & Rockoff, Chap 19 (Focus on p. 338-341, including Fig 19.1 & 19.2, and p. 343-352.) Rockoff, Hugh, “The Wizard of Oz as a Monetary Allegory,” The Journal of Political Economy , Vol. 98, No. 4, (August 1990), pp. 739-760. IV. Boom and Bust (c. 1920-1940) The Economy of the Roaring Twenties Walton & Rockoff, Chap 22 To prepare for the exam, please review the assigned reading in the text, your lecture notes and Assignments 7-10. Remember that the topic outlines (posted on eLC) are ONLY outlines; they are not an adequate substitute for good lecture notes. As you review, pay particular attention to figures and tables that we discussed in class. The exam will consist of 35-40 true/false and multiple choice questions. Upon completing the exam, you must turn in your scantron and your exam booklet. However, you will be given a separate sheet on which to record your answers. You will be able to check your answers using the answer keys that will be posted on eLC following the exam. For the exam, you will need a #2 pencil and a picture ID . Below you will find some questions to use as a guide to your studying. While this list is not exhaustive , it does illustrate the types of questions you should be prepared to answer. Be sure to review economic terms/theories, such as: deflation, quantity theory of money, velocity, monetary policy, fiscal policy, elasticity, etc. 1. Other than metal coins, what types of money circulated in the U.S. in the late 1800s? If the U.S. had a bimetallic standard, why did it operate on a de facto gold standard for most of the late 1800s? 2. Use the Quantity Theory of Money (QTM) and Figures 19.1-19.2 to discuss the relationship between the money supply (M) and the price level (P) in the late 19 th century. 3. During the Civil War, the U.S. was forced to suspend payment of specie. Why? Use data from Table 19.2 to support your answer. 4. What had to happen in order for specie payment to resume following the Civil War? Using the QTM, describe and explain the differing views of Republicans and Democrats on this issue. Describe the actual events that eventually led to resumption of specie payment in 1879. Use data from Table 19.2 to support
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/10/2011 for the course ECON 2200 taught by Professor Moore during the Spring '07 term at University of Georgia Athens.

Page1 / 4

stguide3.f10 - ECON 2200-Moore Study Guide for Exam 3 Exam...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online