Practice%20Final%20Exam%20_4

Practice%20Final%20Exam%20_4 - 1 Final Exam, Practice #4...

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1 Final Exam, Practice #4 American Economic History Professor Rockoff Version B The Correct Answers are at the end of the Exam. Instructions . Answer the questions by marking the correct choice on your scantron or writing a sentence or two in response to the short answer questions. Be sure to write Version B on your scantron. There is one best answer to each question in the sense of the one that is generally true in the light of the class discussion. Name ____________________________________________________ SS# _____________________________________________________ Multiple Choice . 1. In Enterprise Alabama there is a statue of the ________ because _______. a. Yankee carpetbagger, Yankee school teachers improved the edcational system b. Yankee carpetbagger, Yankee storeowners broke the monopoly of the local storeowner c. boll weevil, forced farmers to adopt new crops d. boll weevil, forced the government to provide agricultural price supports 2. In 1896 William Jennings Bryan declared "thou shall not crucify mankind upon a cross of gold." In this statement who is thou? a. the Democratic party b. the Populist party
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2 c. the Republican party d. the Whig party 3. After The Civil War Republicans argued that returning to gold at the prewar price of gold would be good for the country because it would ____. a. help maintain real wages b. reduce taxes c. increase exports of manufactured products d. increase foreign investment in the U.S. 4. In class I have generally attributed inflations to increases in the money supply. Correctly identify the base of the money supply that financed each of the following inflations. (1) The inflation during the Revolutionary War. (2) The Jacksonian Inflation. (3) The inflation in the South during the Civil War. (4) The inflation at the turn of the century (from 1896 to 1914.) a. (1) = paper. (2) = paper. (3) = paper. (4) = paper. b. (1) = paper. (2) = paper. (3) = silver. (4) = gold. c. (1) = paper. (2) = silver. (3) = paper. (4) = gold. d. (1) = silver. (2) = gold. (3) = paper. (4) = paper. 5. The greatest advantage of the railroad over earlier forms of transportation was its speed. Robert Fogel attempted to measure the advantage of faster-and-all-weather transport by examining a. the inventories of agricultural products held by wholesalers b. the profits of transportation industries as a group c. the profits of railroads compared with the profits of canals d. the employment of labor and capital in the transportation sector before and after the railroad 6. In general Robert Fogel concluded that the railroads ____ U.S. economic growth. a. had no effect on b. were indispensable to
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3 c. had a small positive effect on d. had a small negative effect on 7. In class I argued that the American Tobacco company was an example of Alfred Chandler's theory that _______ tended to produce _____. a. continuous flow technologies, vertically integrated firms
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This note was uploaded on 09/25/2011 for the course ECONOMICS 305 taught by Professor Hughrockoff during the Spring '11 term at Rutgers.

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Practice%20Final%20Exam%20_4 - 1 Final Exam, Practice #4...

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