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NAME (Please Print): ‘ VERSION 2
Exam #3—Version 2
Use a #2 pencil to record your answers on the scantron. Make sure to mark answers clearly, and completely erase any
changes. Do not make any stray marks
According to Figure 19.1, what was the value of silver dollars and silver
certificates in circulation in the US in 1860-1875?
According to Table 19.2, US prices rose by _ between 1861 and 1865.
The Roaring Twenties (Chapter 22)
A. A Brief Overview
1920s decade is generally considered to have been a period of growth & prosperity:
o Real GNP Growth Rate (1920-29) = 4.2 % per year (on average)
o Real GNP Per Capita Growth Rate (192
START OF TEST 3
finishing coverage of chapter 19. its going to end with a wizard of oz article, mentioned before
but wont talk about till the end of this chapter. if you want to get ahead read the wizard of oz
article over spring break
E. December 1913: T
Questions to consider as you read:
Rockoff, Hugh, The Wizard of Oz as a Monetary Allegory, The Journal of Political Economy, Vol. 98,
No. 4, (Aug., 1990), pp. 739-760.
moores preface-in the book the shoes are silver, in the movie theyre silver.
Reunification Era: The Rise of Big Business (Chap 17 + Carnegie article)
I. A period of rapid & significant industrial growth
Recall the change in relative positions of agriculture & manufacturing
1890 US Census: First census to report $-value of manufa
Reunification Era: Money & Banking after the Civil War (Ch. 19)
Introduction: 2 Key Issues
what were the forces that pushed prices down?
1. Deflation in the late 1800s
2. Bank runs & panics: Significant bank panics in 1873, 1893 and 1907
there were man