Midterm 2

Front 1

The first factories in the US were developed within the _____ industry.

Back 1

d. Cotton textile

Front 2

_____ is credited with introducing the water frame in American spinning mills.

Back 2

a. Samuel Slater

Front 3

By 1860, two thirds of America's woolen was produced in

Back 3

b. New England

Front 4

By 1860, almost 3/4 of the US output of cotton goods was produced in

Back 4

b. New England

Front 5

"Value added" is defined as

Back 5

d. The value of total product minus raw materials cost

Front 6

Early American manufacturers were particularly concerned about minimizing

Back 6

b. Labor costs

Front 7

The first permanently successful application of standardized interchangeable parts was made in the American _____ industry

Back 7

c. Armaments

Front 8

A closed shop is an agreement whereby

Back 8

d. Employees must join a recognized union as a condition of employment

Front 9

Generally speaking, by 1860 which of the following groups could not vote in the US?

Back 9

d. White women in the North

Front 10

Before 1860, most of the US population lived _____ and most workers _____.

Back 10

b. In rural areas; self-employed

Front 11

As the US became increasingly industrialized in the 19th centry,

Back 11

c. The income of the poor grew more slowly than the income of the rich.

Front 12

Which of the following statements best describes the union movement between 1800-1860?

Back 12

a. Unions were composed primarily of craftsmen

Front 13

In Commonwealth v. Hunt (1842) the Supreme Court of Massachusetts

Back 13

b. Rules that union members have the right to strike and push for a closed shop

Front 14

From which country came the fewest immigrants during the large wave of immigrants who arrived in the US in the 1840s and 1850s?

Back 14

d. Spain

Front 15

The Coinage Act of 1792

Back 15

a. Designated both gold and silver as the monetary standard for the US

Front 16

Gresham's Law

Back 16

c. Applies to a wide variety of situations

Front 17

In his Report on a National Bank, _____ argued in favor of the establishment of a Bank of the US.

Back 17

b. Alexander Hamilton

Front 18

The 2nd Bank of the US rose to prominence under the leadership of

Back 18

d. Nicholas Biddle

Front 19

_____ was a vocally and actively opposed the re-chartering of the 2nd Bank of the US

Back 19

c. Andrew Jackson

Front 20

The Suffolk System

Back 20

b. Led to lower discount rates on the notes of country banks in New England

Front 21

The Safety Fund System

Back 21

a. Operated similarly to the modern Federal Deposit Insurance Corp (FDIC)

Front 22

By 1825, what area in the New World had the greatest portion of slaves?

Back 22

c. The United States

Front 23

With the adoption of the US Constitution in 1787,

Back 23

b. Importation of slaves was allowed, but only for the next 20 years

Front 24

The first actions taken socially to compel conformity to abolitionist sentiments was taken by

Back 24

c. The Quakers

Front 25

Between 1820 and 1860, cotton output per slave

Back 25

c. Increased by fourfold or more

Front 26

"Economic exploitation" is measured by

Back 26

b. The difference between the value of output a worker adds and what she recieves

Front 27

In 1860, the total value of the US slaves was

Back 27

b. About $3 billion

Front 28

In the Dred Scott decision (1857), the Supreme Court declared that

Back 28

d. Congress could not prohibit slavery in the western territories

Front 29

The South's transportation problem was primarily due to

Back 29

a. A shortage of mules and horses

Front 30

Printing of paper money by the Confederate government led to

Back 30

c. Hyperinflation in the final months of the War

Front 31

Which of the following methods of generating federal government revenue was first introduced during the Civil War?

Back 31

a. The personal income tax

Front 32

The Goldin and Lewis (1975) study of the costs of the Civil War

Back 32

c. Estimated the total cost of the War at more than double national income in 1860

Front 33

In the North, the Civil War

Back 33

d. Was accompanied by a relatively low unemployment rate

Front 34

In the South after the Civil War,

Back 34

c. Manufacturing recovered before agriculture

Front 35

Which Amendment freed slaved?

Back 35

a. Thirteenth

Front 36

Under the Dawes Act of 1887,

Back 36

a. Nearly 100 million acres of Indian territories were opened for public purchase

Front 37

In the early 1900s, the Homestead Act

Back 37

a. Was modified to allow settlers to obtain larger, more practical-sized farms

Front 38

By 1900, the leading cotton producing state was

Back 38

c. Texas

Front 39

Between 1875 and 1895,

Back 39

c. Wholesale farm prices and consumer prices fell, but wholesale farm prices fell more rapidly

Front 40

Worsening terms of trade can be offset by

Back 40

a. Increased productivity

Front 41

The Morrill Act of 1862 established

Back 41

c. "Land-grant" colleges that provided agricultural education and research

Front 42

The first major step toward natural resource reform was

Back 42

a. The General Revision Act of 1891

Front 43

In the late 19th century, the chief railroad terminus was

Back 43

b. Chicago

Front 44

Each of the three major waves in 19th-century railroad construction ended due to

Back 44

a. A major financial crisis in the US

Front 45

The sustained productivity growth of railroads occurred primarily because of

Back 45

a. Increased economies of scale

Front 46

The most significant kind of federal subsidy of railroads was

Back 46

c. Land grants

Front 47

In Munn v. Illinois (1877), the Supreme Court held that

Back 47

c. States have a right to regulate businesses within the state that are "clothes with a public interest"

Front 48

In the Wabash case (1886), the Supreme Court held that

Back 48

a. States cannot enact laws that interfere with interstate commerce

Front 49

The first independent federal regulatory agency was

Back 49

a. Interstate Commerce Commission

Front 50

By the 20th century, the largest sector of the US economy in terms of commodity output value was

Back 50

b. Manufacturing

Front 51

The McCallum management principles advocate the use of

Back 51

c. Internal accounting systems and performance evaluations

Front 52

Henry Ford is most recognized for

Back 52

c. Implementing the first progressive, moving assembly-line system for large, complex final products

Front 53

Frederick W. Taylor argued that worker efficiency could be improved by

Back 53

a. Analyzing in detail the movements required to perform a job

Front 54

A horizontal merger

Back 54

b. Combines firms that produce similar products

Front 55

John D. Rockefeller is most recognized for

Back 55

a. Developing the oil industry