Between 1891 and 1896, (Multiple Choice)

Between 1891 and 1896,
 a. both external and internal gold drains plagued the U.S. Treasury.
  b. Americans rushed to exchange notes for gold.
  c. Treasury reserves of gold dipped below the minimum reserve of 100 million.
  d. increases in commodity exports ultimately bolstered the gold reserves of the Treasury.
  e. All of the above.

Question 2

Which one of the following colonial groups actually benefited from the Navigation Acts?
 a. Southern tobacco farmers
  b. New England shipbuilders
  c. colonists who bought goods imported from non-imperial sources
  d. No colonial group benefited from the Navigation Acts.

Question 3

Persistent U.S. deflation between 1879 and the mid-1890s was primarily due to the fact that the ___________ was growing faster than the _________.
 a. supply of money; demand for money
  b. demand for money; supply of money
  c. demand for money; demand for goods
  d. demand for goods; supply of money

Question 4

The piecemeal actions of Parliament to curtail the various colonial manufacturing activities
 a. stemmed from a deep-seated fear of American competition.
  b. were punitive, in response to colonial smuggling and price dumping.
  c. were a roundabout attempt to undermine the colonial shipbuilding industry.
  d. were largely taken to protect vested, well-lobbied interests.

Question 5

The Bland-Allison Act of 1878 and the subsequent Sherman Silver Purchase Act of 1890:
 a. led to an extended period of inflation in the U.S.
  b. were both followed by increases in the market price for silver.
  c. had no significant impact on silver prices or the price level.
  d. decreased the Treasury's supply of silver.

Question 6

The duplication laws, passed by Parliament in the late 17th and 18th centuries, restricted colonial export of
 a. woolen goods.
  b. tobacco.
  c. pig iron.
  d. cotton.
  e. All of the above.

Question 7

When the Act of 1873 was passed, silver was worth _________ in the market than at the mint; however, subsequent __________ in the supply of silver led to public outcry over the demonetization of silver under the Act. a.less; decreases b.less; increases c.more; decreases d.more; increases
 Fill in the blank(s) with correct word

Question 8

Which one of the following was not a goal of the Navigation Acts?
 a. Protect and encourage English and colonial shipping.
  b. Ensure that major colonial imports from Europe were shipped from British ports.
  c. Ensure that the bulk of desired colonial products were shipped to England.
  d. Prevent West Indian planters from increasing their control over the U.S. colonial trade.

Question 9

One important issue in the post-bellum currency debate concerned the coinage of silver by the federal government. Which of the following statements presents accurate information regarding the silver debate?
 a. Silver circulated widely as money in the years immediately prior to the Coinage Act of 1873.
  b. The Bland-Allison Act allowed for the Treasury to make limited monthly silver purchases at the market price.
  c. Post-Civil War there was a fall in the output of American silver mines.
  d. Congress passed the Coinage Act in 1873 despite widespread public opposition to this legislation at the time.

Question 10

The Navigation Acts
 a. placed tariffs on the import of British goods by the colonies.
  b. provided for the free trade of colonial goods, including tobacco, indigo and sugar.
  c. required all colonial trade to be carried on English vessels.
  d. were abolished in 1700.

Question 11

During the post-Civil War debate over resuming the exchange of gold for greenbacks,
 a. members of the Greenback party argued the returning to gold was not worth the economic pain.
  b. Republicans argued that those who had loaned money to the government during the Civil War had the right to be paid in gold.
  c. Republican argued that due to the Public Credit Act of 1869, bondholders were not required to be paid in gold.
  d. None of the above is correct.
  e. Only a and b are correct.