The economics of slavery suggests that
(a) slave labor produced efficiencies in Southern agriculture.
(b) slave owners possessed economic incentives to beat and exploit their slaves.
(c) Southern agriculture was less profitable than northern farming.
(d) Southern agriculture was just and moral.
Question 2The Greenbackers' demand to back the greenback issues with gold reserves was not practical in the late 1860s.
Indicate whether the statement is true or false
Question 3The Greenbackers may be characterized fairly as inflationists.
Indicate whether the statement is true or false
Question 4By 1860,
(a) less than one-third of Southern farmers owned slaves.
(b) most of the workers on Northern farmers were hired laborers.
(c) immigrants supplied a significant amount of labor to Northern and Southern farmers.
(d) all of the above.
Question 5The Crime of 73 did not stop the Federal Treasury from buying massive amounts of silver at above-market prices before 1900.
Indicate whether the statement is true or false
Question 6The region that was using mechanized harvesting equipment before the Civil War was
(a) the Northeast.
(b) the South.
(c) the West.
(d) the Far West.
Question 7The Kansas-Nebraska Act of 1854 did not allow popular sovereignty over the issue of slavery.
Indicate whether the statement is true or false
Question 8All national banks were required to join the Federal Reserve Bank of their region; however, state banks could do so on a voluntary basis.
Indicate whether the statement is true or false
Question 9During the antebellum period, the majority of the family labor on farms was devoted to investment type of activitiesclearing land, constructing fences and buildings, and feeding and breeding livestock.
Indicate whether the statement is true or false
Question 10When transportation costs fall, consumer prices have a tendency to rise.
Indicate whether the statement is true or false
Question 11A great merger movement, whereby firms combined with former rivals to become large firms, began in the 1890s. Who was the first President to look to bigger government as a way to cope with the economic power of these concentrated industries?
(a) Woodrow Wilson
(b) Herbert Hoover
(c) Theodore Roosevelt
(d) Franklin Roosevelt
Question 12In the struggle to control the power of big business which emerged between the Civil War and World War I, the nation
(a) relied heavily on the principles of government expounded by the Founding Fathers such as Thomas Jefferson.
(b) slowly changed into the modern regulated economy.
(c) decided ultimately that big business was here to stay and should be allowed to operate without government interference.
(d) began a policy of government ownership of business in important sectors of the economy.
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