Practice%20Final%20Exam%20_3 - Final Exam Practice Test#3...

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1 Final Exam, Practice Test #3 The correct answers are at the end of the exam. The course changes from semester to semester, so some topics covered on this exam will not be covered on the final this semester, and some of the topics covered on this semester's final will not be covered on this practice test. The actual test this semester will be a bit longer than this practice exam. Final Exam American Economic History. Professor Rockoff Version B Instructions . Answer the questions by marking the correct choice on your scantron. 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. The questions are not intended to trick you, but to see if you remember the main problems of American Economic History, and the main economic interpretations. There are 125 questions. (That is a lot. But it is a good idea because then the dumb mistakes tend to be balanced out by lucky guesses!) So you will need two scantrons . Make sure your name is on both. Answer questions 101 to 125 in spaces 1-25 on your second scantron. Name ___________________________________________________ Rutgers ID# _____________________________________________________ 1. The "Beard-Hacker Thesis" claims that postbellum economic growth in the northern states was ___. a. slowed by rapid immigration b. accelerated by rapid immigration from English speaking countries
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c. slowed by the formation of industrial monopolies d. accelerated by Civil War economic legislation and financial policies 2. With respect to the pre-Civil era, the "North thesis" is that U.S. economic growth was driven ___. a. almost entirely by industrialization in the north b. by immigration, especially from northern Europe c. by regional specialization, particularly the specialization of the South in cotton d. military expenditures anticipating the inevitable war between the north and south 3. At the end of the Civil War Republicans argued that it was important to return to the gold standard because it would help a. farmers, because they were debtors b. workers, because it would mean lower prices and therefore higher real wages c. banks, because it would add value to their stocks of gold d. Industry, because it would make it easier to borrow in Europe 4. In class I attributed a number of inflations to increases in the money supply. The sources of the increase in the money supply, however, differed from episode to episode. Identify each of these inflations with the ultimate source of the increase in the money supply: (1) The Jacksonian inflation ____, (2) The inflation of the 1850s _____, (3) the inflation in the North in the Civil War ______, (4) the inflation in the United States in World War I ______. a. paper, paper, silver, gold
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Practice%20Final%20Exam%20_3 - Final Exam Practice Test#3...

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