Question 1

The Navigation Acts (1651 and later amendments)were part of the contemporary European commercial policy theory called

Accepted Answer

A)  laissez-faire. 
B)  mercantilism. 
C)  commercialism. 
D)  classical liberalism. 
A)  laissez-faire. 
B)  mercantilism. 
C)  commercialism. 
D)  classical liberalism.

Question 2

Under British rule,colonists were considered British subjects and had most of the same rights?of British citizens.

Accepted Answer

A) True 
 B)False

Question 3

Describe the costs and benefits of the British Empire to American economic growth and development.

Accepted Answer

The British Empire had significant costs

Question 4

The type of commercial policy followed by England under the navigation laws

Accepted Answer

A)  was followed throughout the 17th and 18th centuries but not by any governments today. 
B)  was followed throughout the 17th and 18th centuries and is still pursued, in one way or another, by all governments in the world today. 
C)  was followed throughout the 17th, 18th, and 19th centuries but not by most governments today. 
D)  was followed throughout the 17th and 18th centuries and by European governments today, but not by the United States since the founding of the nation. 
A)  was followed throughout the 17th and 18th centuries but not by any governments today. 
B)  was followed throughout the 17th and 18th centuries and is still pursued, in one way or another, by all governments in the world today. 
C)  was followed throughout the 17th, 18th, and 19th centuries but not by most governments today. 
D)  was followed throughout the 17th and 18th centuries and by European governments today, but not by the United States since the founding of the nation.

Question 5

Describe the origins of regional class conflicts in the colonies.To what extent were these conflicts eliminated by the Revolution? To what extent did the Revolution create new class conflicts?

Accepted Answer

The origins of regional class conflicts

Question 6

Who does inflation benefit?

Accepted Answer

A)  All businesses 
B)  The government 
C)  Individuals living on fixed incomes 
D)  Debtors 
A)  All businesses 
B)  The government 
C)  Individuals living on fixed incomes 
D)  Debtors

Question 7

Describe the economic rationale behind the taxes imposed on the colonists after the British incurred?a long and costly war protecting the colonials from the French.

Accepted Answer

The economic rationale behind the taxes

Question 8

Unlike the revolutionary colonials,England had

Accepted Answer

A)  an organized army and navy. 
B)  an abundance of resources. 
C)  the means to finance the war. 
D)  all of the above. 
A)  an organized army and navy. 
B)  an abundance of resources. 
C)  the means to finance the war. 
D)  all of the above.

Question 9

Colonists supporting the American Revolution (1775-1781)

Accepted Answer

A)  were well-prepared and well-organized. 
B)  comprised at least two-thirds of the total colonial population. 
C)  faced lower transportation and communication costs than the British during the war. 
D)  were able to tax the colonists to finance the war. 
A)  were well-prepared and well-organized. 
B)  comprised at least two-thirds of the total colonial population. 
C)  faced lower transportation and communication costs than the British during the war. 
D)  were able to tax the colonists to finance the war.

Question 10

In answer to the question "How did Britain affect American economic growth?" Hughes and Cain (2011)reach what conclusion?

Accepted Answer

A)  The colonies were launched with English institutions, and they were allowed to modify them to meet local needs. In exchange for their investment in the colonies, the British expected the American colonies to produce and grow rapidly. 
B)  British policies were adverse to the colonies because they interfered with efforts to recruit a labor force and maintain employment at something close to full employment. 
C)  British policies prevented the colonies from going through an Industrial Revolution, as was occurring in England. 
D)  British policies significantly held down income growth in the colonies because they aimed at increasing the proportion of "primary" output at the expense of commercial and manufacturing output. 
A)  The colonies were launched with English institutions, and they were allowed to modify them to meet local needs. In exchange for their investment in the colonies, the British expected the American colonies to produce and grow rapidly. 
B)  British policies were adverse to the colonies because they interfered with efforts to recruit a labor force and maintain employment at something close to full employment. 
C)  British policies prevented the colonies from going through an Industrial Revolution, as was occurring in England. 
D)  British policies significantly held down income growth in the colonies because they aimed at increasing the proportion of "primary" output at the expense of commercial and manufacturing output.

Question 11

What is full employment? Explain why unemployment is costly.Use examples from colonial times?to explain why the English and colonists benefited mutually from colonial full employment.

Accepted Answer

Full employment refers to a situation in

Exam 4: Gaining Independence

The Navigation Acts (1651 and later amendments)were part of the contemporary European commercial policy theory called

Under British rule,colonists were considered British subjects and had most of the same rights?of British citizens.

Describe the costs and benefits of the British Empire to American economic growth and development.

The type of commercial policy followed by England under the navigation laws

Describe the origins of regional class conflicts in the colonies.To what extent were these conflicts eliminated by the Revolution? To what extent did the Revolution create new class conflicts?

Who does inflation benefit?

Describe the economic rationale behind the taxes imposed on the colonists after the British incurred?a long and costly war protecting the colonials from the French.

Unlike the revolutionary colonials,England had

Colonists supporting the American Revolution (1775-1781)

In answer to the question "How did Britain affect American economic growth?" Hughes and Cain (2011)reach what conclusion?

What is full employment? Explain why unemployment is costly.Use examples from colonial times?to explain why the English and colonists benefited mutually from colonial full employment.

Overseas Empire

Colonial Development

America on the Eve of Revolution

Westward Expansion

Population and Labor Force

Law and the Rise of Classical American Capitalism

Transportation, Internal Improvements, and Urbanization

Agricultural Expansion: The Conflict of Two Systems on the Land

The Debate over Slavery

The Early Industrial Sector

The Financial System and the International Economy

Economic Effects of the Civil War

Railroads and Economic Development

Post-Civil War Agriculture

Population Growth and the Atlantic Migration

Industrialization, Entrepreneurship, and Urban Growth

Big Business and Government Intervention

Financial Developments 1863–1914

The Giant Economy and Its International Relations

Labor and the Law

The Command Economy Emerges: World War I

Normalcy”: 1919–1929

The Great Depression

The New Deal

The “Prosperity” of Wartime

Before the New Frontier: The Postwar Economy

Population, Health, and Labor

Postwar Industry and Agriculture

To the New Millennium and Beyond

Does Our Past Have a Future?

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