Question 1

The sharp decline in domestic freight costs during the antebellum period was primarily due to the introduction of

Accepted Answer

A) railroads. 
B) paved roads. 
C) clipper ships. 
D) canals and steamboats. 
A) railroads. 
B) paved roads. 
C) clipper ships. 
D) canals and steamboats.

Question 2

What is not a benefit from the lower costs of transportation that were achieved through advances in railroads,canals and steamboats?

Accepted Answer

A) Free rider problems were reduced. 
B) Farmers gained larger shares of the selling price of their crops. 
C) Consumers paid decreasing shares of the purchase price for transportation and
Marketing costs. 
D) New unsettled areas were profitably cleared and added to the nation's
Economic activity. 
A) Free rider problems were reduced. 
B) Farmers gained larger shares of the selling price of their crops. 
C) Consumers paid decreasing shares of the purchase price for transportation and
Marketing costs. 
D) New unsettled areas were profitably cleared and added to the nation's
Economic activity.

Question 3

Between 1820 and 1840 freight rates on western rivers declined drastically.The main reason for this drop in prices was _________.

Accepted Answer

A) the decline in the price level. 
B) tolls and other barriers to trade decreased. 
C) the decline in monopoly power. 
D) the steamboat was used more frequently. 
A) the decline in the price level. 
B) tolls and other barriers to trade decreased. 
C) the decline in monopoly power. 
D) the steamboat was used more frequently.

Question 4

One of the most important reasons for the economic growth of the U.S.in the antebellum period was market unification and falling costs of trade.Samuel F.B.Morse contributed significantly to these trends.Mores is most recognized for:

Accepted Answer

A) Inventing the telegraph. 
B) Inventing the steam engine. 
C) Developing the technology to power railroad engines. 
D) Overseeing the building of the Erie Canal. 
A) Inventing the telegraph. 
B) Inventing the steam engine. 
C) Developing the technology to power railroad engines. 
D) Overseeing the building of the Erie Canal.

Question 5

Clipper ships

Accepted Answer

A) allowed for profitable shipping on both short and long journeys. 
B) dominated Atlantic trade by 1850. 
C) were among the first ships to have iron hulls. 
D) earned huge profits transporting passengers and cargo during the gold rushes to California and Australia. 
E)  All of the above. 
A) allowed for profitable shipping on both short and long journeys. 
B) dominated Atlantic trade by 1850. 
C) were among the first ships to have iron hulls. 
D) earned huge profits transporting passengers and cargo during the gold rushes to California and Australia. 
E)  All of the above.

Question 6

What is the best inference about the impact of a decrease in transportation costs?

Accepted Answer

A) The demand and supply curves will shift out,which will increase quantities of goods. 
B) The supply curve will shift out,which will lead to lower prices to consumers. 
C) Farmers will earn a smaller share of the selling price of their crops. 
D) The demand curve will shift out,which will lead to higher prices and quantities of goods. 
A) The demand and supply curves will shift out,which will increase quantities of goods. 
B) The supply curve will shift out,which will lead to lower prices to consumers. 
C) Farmers will earn a smaller share of the selling price of their crops. 
D) The demand curve will shift out,which will lead to higher prices and quantities of goods.

The sharp decline in domestic freight costs during the antebellum period was primarily due to the introduction of

What is not a benefit from the lower costs of transportation that were achieved through advances in railroads,canals and steamboats?

Between 1820 and 1840 freight rates on western rivers declined drastically.The main reason for this drop in prices was _________.

One of the most important reasons for the economic growth of the U.S.in the antebellum period was market unification and falling costs of trade.Samuel F.B.Morse contributed significantly to these trends.Mores is most recognized for:

Clipper ships

What is the best inference about the impact of a decrease in transportation costs?

Economic History

Founding the Colonies

Colonial Economic Activities

The Economic Relations of the Colonies

Economic Progress and Wealth

Three Crises and Revolt

Hard Realities for a New Nation

Land and the Early Western Movements

Market Expansion Industry in First Transition

Labor During the Early Industrial Period

Money and Banking in the Developing Economy

The Entrenchment of Slavery and Regional Conflict

War, Recovery and Regional Divergence

Agricultures Western Advance

Railroads and Economic Change

Industrial Expansion and Concentration

The Emergence of Americas Labor Consciousness

Money, Prices, and Finance in the Postbellum ERA

Commerce at Home and Abroad

Mobilizing for War

The Roaring Twenties

The Great Depression

The New Deal

World War II

The Changing Role of the Federal Government

Government the Business Cycle After World War II

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

Filters

Exam 9: Transportation and Market Growth

The sharp decline in domestic freight costs during the antebellum period was primarily due to the introduction of

What is not a benefit from the lower costs of transportation that were achieved through advances in railroads,canals and steamboats?

Between 1820 and 1840 freight rates on western rivers declined drastically.The main reason for this drop in prices was _________.

One of the most important reasons for the economic growth of the U.S.in the antebellum period was market unification and falling costs of trade.Samuel F.B.Morse contributed significantly to these trends.Mores is most recognized for:

Clipper ships

What is the best inference about the impact of a decrease in transportation costs?

Economic History

Founding the Colonies

Colonial Economic Activities

The Economic Relations of the Colonies

Economic Progress and Wealth

Three Crises and Revolt

Hard Realities for a New Nation

Land and the Early Western Movements

Market Expansion Industry in First Transition

Labor During the Early Industrial Period

Money and Banking in the Developing Economy

The Entrenchment of Slavery and Regional Conflict

War, Recovery and Regional Divergence

Agricultures Western Advance

Railroads and Economic Change

Industrial Expansion and Concentration

The Emergence of Americas Labor Consciousness

Money, Prices, and Finance in the Postbellum ERA

Commerce at Home and Abroad

Mobilizing for War

The Roaring Twenties

The Great Depression

The New Deal

World War II

The Changing Role of the Federal Government

Government the Business Cycle After World War II

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

Filters