The leading producer of manufactured goods in 1900 was
a. the United States.
b. Germany.
c. England.
d. Canada.
Question 2The fishing and whaling occupations in the early colonies:
a. never amounted to a significant economic force.
b. were a major influence in the early colonial economy.
c. started only in the eighteenth century.
d. were mixed in their economic impact, with fishing being the least important and whaling being most important.
Question 3By the eve of World War I, the United States accounted for more than ___ of the world's industrial production. a.15 b.30 c.60 d.90
Question 4By examining the data on the 18th century market for beaver furs, we learn an important economic lesson: Intense and growing competition in the absence of appropriate ____________ fails.
a. property rights
b. government controls
c. price ceilings
d. tort laws
Question 5Between 1860 and 1910, output in manufacturing, mining, and railroad freight hauling
a. expanded more rapidly than the labor force in these sectors.
b. grew at about the same rate as the labor force in these sectors.
c. grew more slowly than the labor force in these sectors.
d. expanded, while the labor force in these sectors declined.
Question 6The only mineral that was available in any significant quantity in colonial America was:
a. Gold.
b. Silver.
c. Iron.
d. Coal.
Question 7Between 1860 and 1910, value added by the top ten manufactures roughly
a. doubled.
b. tripled.
c. increased by 500 (a factor of five).
d. increased by 1000 (a factor of ten).
Question 8Extractive industries include the production of all of the following products except:
a. fur.
b. lumber.
c. naval stores.
d. bread.
Question 9Which of the following statements provides the most accurate description of the employment growth rate in various sectors of the economy between 1860-1910?
a. All major sectors grew with the exception of agriculture and construction.
b. All major sectors grew, and agriculture grew the most.
c. The manufacturing sector grew the most, followed by railroads, but agricultural employment decreased.
d. All major sectors grew, and railroads grew the most.
Question 10All of the following statements present accurate information about 18th century New England except:
a. New England exported more fish than England.
b. Indian Corn was an important agricultural produce in New England.
c. New England had plentiful supplies of timber.
d. New England farms were large and highly productive.
Question 11By the 20th century, the largest sector of the U.S. economy in terms of commodity output value was
a. agriculture.
b. manufacturing.
c. mining.
d. construction.
Question 12What was not true about the New England colonial economy?
a. Fishing was a major economic activity.
b. It was a net importer of food and fiber.
c. Shipping was a major economic activity.
d. It was the most productive area in terms of agriculture.
Question 13The considerable rise of manufacturing in the last half of the 19th century has become known as
a. the Great Leap Forward.
b. the Industrial Revolution.
c. the Second Industrial Revolution.
d. the Ascendancy of Manufactures.
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