What industry was the main economic impetus behind antebellum migration to the West Coast?
a. Fishing.
b. Cattle.
c. Fruit.
d. Mining.
Question 2Which of the following statements is most accurate about the market for call loans:
a. During the 1920s, the supply of loans increased more than the demand.
b. During the 1920s, credit was being pulled into the stock market by the rising interest rates on call loans.
c. An increased willingness of banks to supply call loans was the decisive factor in causing the bull market.
d. The interest rates on call loans decreased significantly during the 1920s.
Question 3What best describes Thomas Jefferson's view of how American Indians should be treated?
a. Tribes should be forced to leave their native lands in the east and move west.
b. Indians should have full property rights that should be respected by whites.
c. Indians could continue to live on their reservations but the federal government should have access to all mining and natural resources on their land.
Question 4Investors should be willing to pay more for a stock when (controlling for all other things):
a. Future interest rates are expected to increase.
b. Future interest rates are expected to decrease.
c. Future dividends are expected to decrease.
Question 5Which of the following was the most important factor determining the volume of land sales in the Midwest and South during the antebellum period?
a. Immigration
b. Indian resistance to settlement
c. Agricultural prices
d. Governmental road building
Question 6Which of the following statements is most accurate?
a. Most economic historians believe that the policies of the federal government were an important cause of the Great Depression.
b. Most economic historians believe rapid increase in inequality caused the Great Depression.
c. The US experienced a relative absence of cyclical unemployment and was relatively free from the mass joblessness that had previously plagued the nation.
d. More homogenous communities chose to have higher taxes to fund schools.
Question 7Large increases in agricultural productivity were not the primary reasons for migrating to which area of the nation during the antebellum period?
a. Illinois and Wisconsin
b. Indiana and Ohio
c. The far west
d. Texas and Mississippi
Question 8The 1920s were characterized by large numbers of bank failures each year, especially among country banks. Country banks were particularly inclined to fail because:
a. they tended to open too many branches.
b. they were not allowed to issue checking accounts.
c. they were not allowed to join the Federal Reserve system.
d. farm mortgages constituted the major portion of their loans.
e. All of the above.
Question 9In the antebellum period, U.S. cotton production
a. moved inland and westward following the invention of the cotton gin.
b. was unable to meet the demand of the growing U.S. textile industry.
c. was concentrated on small farms of less than 100 acres.
d. faced declining world demand for most of the antebellum period.
Question 10Between 1922 and 1929 stock prices increased by more than
a. 100.
b. 200.
c. 300.
d. 1000.
Question 11U.S. cotton production
a. remained concentrated in Georgia and South Carolina until after 1860.
b. was unable to compete with wool production in the antebellum textile industry.
c. accounted for more than half of the dollar value of US exports between 1800 and 1850.
d. faced declining world demand for most of the antebellum period.
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