Question 1

The turnpikes built in the early 1800s were

Accepted Answer

A)  intercity toll roads. 
B)  highly profitable enterprises. 
C)  financed entirely by private enterprise. 
D)  regulated by the federal government. 
A)  intercity toll roads. 
B)  highly profitable enterprises. 
C)  financed entirely by private enterprise. 
D)  regulated by the federal government.

Question 2

Which of the following is not a valid criticism of Fogel's (1964)methodology in his study of railroads?

Accepted Answer

A)  The canal prices used for 1890 were low. 
B)  The impact of railroads on financial markets is ignored. 
C)  The nonpecuniary gains from using railroads could have been considered. 
D)  The amount of land cultivated would have been reduced. 
A)  The canal prices used for 1890 were low. 
B)  The impact of railroads on financial markets is ignored. 
C)  The nonpecuniary gains from using railroads could have been considered. 
D)  The amount of land cultivated would have been reduced.

Question 3

How was the development of the canal and railroad systems in the U.S.funded? Discuss the economic pros and cons of these funding resources.

Accepted Answer

The development of the canal and railroa

Question 4

Robert Fogel (1964)demonstrates that

Accepted Answer

A)  the social saving of the railroad was large; much of the country (over 25%) could not have ?been settled and cultivated without the railroad. 
B)  the canal and river systems of transportation could very nearly have produced the same ?results as the railroad in terms of land cultivated. 
C)  the railroad was responsible for a great "take-off" in terms of economic growth in the ?19th century. 
D)  the railroad gave a huge boost to the iron industry because for a time it consumed well ?over 50% of all iron produced. 
A)  the social saving of the railroad was large; much of the country (over 25%) could not have ?been settled and cultivated without the railroad. 
B)  the canal and river systems of transportation could very nearly have produced the same ?results as the railroad in terms of land cultivated. 
C)  the railroad was responsible for a great "take-off" in terms of economic growth in the ?19th century. 
D)  the railroad gave a huge boost to the iron industry because for a time it consumed well ?over 50% of all iron produced.

Question 5

Discuss the changes in the distribution system (how goods get from the locus of production to the locus of consumption)of the antebellum American economy.

Accepted Answer

During the antebellum period in America,

Question 6

Railroads had advantages over canals in all respects except

Accepted Answer

A)  year-around service. 
B)  speed of delivery. 
C)  full access to shipping points. 
D)  there is no "except"; all of the above were advantages of railroads. 
A)  year-around service. 
B)  speed of delivery. 
C)  full access to shipping points. 
D)  there is no "except"; all of the above were advantages of railroads.

Question 7

According to Fishlow's (1972)work,the U.S.railroads before the Civil War were typically built "ahead of demand" by private capital.

Accepted Answer

A) True 
 B)False

Question 8

"External economies" derive from all of the following except

Accepted Answer

A)  the joint use of transportation facilities. 
B)  labor force concentrations in urban areas. 
C)  social overhead facilities such as police and fire protection. 
D)  economies of management associated with large firms. 
A)  the joint use of transportation facilities. 
B)  labor force concentrations in urban areas. 
C)  social overhead facilities such as police and fire protection. 
D)  economies of management associated with large firms.

Question 9

Roads during the 1800s proved to be a preferred transportation alternative to railroads and thus competed successfully for profits.

Accepted Answer

A) True 
 B)False

Question 10

The Gallatin Plan (1808)to provide internal land and water transport in the eastern part of the ?country was a plan that

Accepted Answer

A)  called for the federal government to finance and build the transport system. 
B)  called for the eastern states to join together to finance and build the system. 
C)  called for private financing and building with some federal government assistance?in coordinating and planning the transport system. 
D)  relied primarily on city and county governments to provide the bulk of the financing and ?building of the transport system. 
A)  called for the federal government to finance and build the transport system. 
B)  called for the eastern states to join together to finance and build the system. 
C)  called for private financing and building with some federal government assistance?in coordinating and planning the transport system. 
D)  relied primarily on city and county governments to provide the bulk of the financing and ?building of the transport system.

Question 11

Which of the following statements is supported by the research of economic historians?

Accepted Answer

A)  Canals and railroads were built with a mixture of private and public enterprise and ?financing. 
B)  Canals and railroads were built largely without U.S. government participation. 
C)  Canals were built with public assistance, but railroads were built with almost no ?government assistance. 
D)  Railroads were built with public assistance, but canals were built by private enterprise. 
A)  Canals and railroads were built with a mixture of private and public enterprise and ?financing. 
B)  Canals and railroads were built largely without U.S. government participation. 
C)  Canals were built with public assistance, but railroads were built with almost no ?government assistance. 
D)  Railroads were built with public assistance, but canals were built by private enterprise.

Exam 8: Transportation, Internal Improvements, and Urbanization

The turnpikes built in the early 1800s were

Which of the following is not a valid criticism of Fogel's (1964)methodology in his study of railroads?

How was the development of the canal and railroad systems in the U.S.funded? Discuss the economic pros and cons of these funding resources.

Robert Fogel (1964)demonstrates that

Discuss the changes in the distribution system (how goods get from the locus of production to the locus of consumption)of the antebellum American economy.

Railroads had advantages over canals in all respects except

According to Fishlow's (1972)work,the U.S.railroads before the Civil War were typically built "ahead of demand" by private capital.

"External economies" derive from all of the following except

Roads during the 1800s proved to be a preferred transportation alternative to railroads and thus competed successfully for profits.

The Gallatin Plan (1808)to provide internal land and water transport in the eastern part of the ?country was a plan that

Which of the following statements is supported by the research of economic historians?

Overseas Empire

Colonial Development

America on the Eve of Revolution

Gaining Independence

Westward Expansion

Population and Labor Force

Law and the Rise of Classical American Capitalism

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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