Question 1

All of the following were true in the South except

Accepted Answer

A)  Slaves had little or no status in courts of law. 
B)  Slave marriages (when there was a ceremony) were not legal, binding contracts. 
C)  Slaves' property was legally their own. 
D)  Slaves' own children were not theirs to control; slaves were property. 
A)  Slaves had little or no status in courts of law. 
B)  Slave marriages (when there was a ceremony) were not legal, binding contracts. 
C)  Slaves' property was legally their own. 
D)  Slaves' own children were not theirs to control; slaves were property.

Question 2

If the relative market price of producing cotton is more than the opportunity cost of producing it in the South,

Accepted Answer

A)  the market price of cotton will fall in the long run. 
B)  producers will increase the supply of cotton in the long run. 
C)  resources will flow away from the production of cotton, causing the supply of it to decline with the passage of time. 
D)  the situation will remain unchanged as long as supply and demand remain in balance. 
A)  the market price of cotton will fall in the long run. 
B)  producers will increase the supply of cotton in the long run. 
C)  resources will flow away from the production of cotton, causing the supply of it to decline with the passage of time. 
D)  the situation will remain unchanged as long as supply and demand remain in balance.

Question 3

Consider the institution of slavery using economic reasoning.How is the market price of a slave determined? What determines whether slaves will continue to be supplied in a competitive market? What determines whether slaves will continue to be demanded in a competitive market? Explain ?why slavery continues to exist today in various forms.Discuss the limitations of using economic reasoning to study an institution like slavery.

Accepted Answer

The market price of a slave is determine

Question 4

Southern slave owners were not rational people and did not strive to maximize profits through the ?use of the slave system of production.

Accepted Answer

A) True 
 B)False

Question 5

A strong majority of economists support the proposition that the material,not psychological,conditions of the slaves compared favorably with those conditions faced by industrial workers ?before the Civil War.

Accepted Answer

A) True 
 B)False

Question 6

Compare and contrast indentured servitude and slavery as solutions to the colonial and antebellum labor problems from the perspective of the entrepreneur (i.e.,the merchant,farmer,plantation owner).

Accepted Answer

Indentured servitude and slavery were bo

Question 7

Fogel and Engerman (1974)find evidence to suggest that young slave children were often sold by profit-maximizing slave owners.

Accepted Answer

A) True 
 B)False

Question 8

Why did the slave-labor system probably cause a lag in Southern urban and industrial development?

Accepted Answer

A)  The slave system provided a weak market for goods because of the low income and consumption levels of slaves. 
B)  Side-effects of urbanization and industrialization, such as slave flight and greater freedom, were threatening to Southern owners. 
C)  The South's slave society culture was resistant to manufacturing and urbanization. 
D)  All of the above apply. 
A)  The slave system provided a weak market for goods because of the low income and consumption levels of slaves. 
B)  Side-effects of urbanization and industrialization, such as slave flight and greater freedom, were threatening to Southern owners. 
C)  The South's slave society culture was resistant to manufacturing and urbanization. 
D)  All of the above apply.

Question 9

Stampp (1976)finds evidence to suggest that the Southern slave owners were operating at losses,?not profits.

Accepted Answer

A) True 
 B)False

Question 10

There is evidence to suggest that slaves were commonly sold and families were often separated.

Accepted Answer

A) True 
 B)False

Question 11

Which researcher argues that the slave system and its enforcement mechanisms prevented slave individualism from emerging within the system itself?

Accepted Answer

A)  Robert Fogel 
B)  Stanley Engerman 
C)  Stanley Elkins 
D)  Kenneth Stampp 
A)  Robert Fogel 
B)  Stanley Engerman 
C)  Stanley Elkins 
D)  Kenneth Stampp

Question 12

Rational slave owners had economic incentive to adequately clothe,feed and care for their slaves.

Accepted Answer

A) True 
 B)False

Question 13

The cotton sector grew and contributed greatly to the overall performance of the Southern economy.However,the distribution of wealth increasingly favored a small minority of large plantation owners.Explain how this change in the distribution of wealth helped fuel resistance against slavery.

Accepted Answer

The change in the distribution of wealth

Question 14

"One of the important requisites for economic development is a free labor force in order to make ?free transfers of labor possible.A production organization cannot be very flexible if it has to engage in the purchase or sale of slaves every time it changes its output." To what extent did the South's ?pre-1860 economic history confirm or refute the foregoing generaliza?tions?

Accepted Answer

The South's pre-1860 economic history la

Question 15

Between 1790 and 1860,Southern population growth was dominated by growth in the slave population.

Accepted Answer

A) True 
 B)False

Question 16

Conrad and Meyer (1958)found evidence to support the claim that the annual rates of return to slave agriculture were

Accepted Answer

A)  high enough to attract investment funds away from other alternatives in the cotton South. 
B)  high enough to benefit the entire Southern economy through the profits generated and the backward and forward links to other businesses. 
C)  relatively low in the new frontier, thus encouraging the new cotton producing areas of the South to move away from the slave system. 
D)  low enough that the people in the North could purchase the slaves and free them at minimal cost. 
A)  high enough to attract investment funds away from other alternatives in the cotton South. 
B)  high enough to benefit the entire Southern economy through the profits generated and the backward and forward links to other businesses. 
C)  relatively low in the new frontier, thus encouraging the new cotton producing areas of the South to move away from the slave system. 
D)  low enough that the people in the North could purchase the slaves and free them at minimal cost.

Question 17

Which of the following was NOT a major claim of Fogel and Engerman (1974)in their work on slavery?

Accepted Answer

A)  Slavery was profitable for Southerners. 
B)  Slavery slowed the mechanization of the plantations. 
C)  Slaves were treated fairly well. 
D)  Slavery was efficient. 
A)  Slavery was profitable for Southerners. 
B)  Slavery slowed the mechanization of the plantations. 
C)  Slaves were treated fairly well. 
D)  Slavery was efficient.

Question 18

Historians typically disagree with which of the following contentions from Time on the Cross?

Accepted Answer

A)  Slavery was profitable for Southerners and consequently resulted in wealth accumulation. 
B)  Slavery was on the verge of extinction on the eve of the Civil War. 
C)  Slave owners were moral and treated slaves with kindness and high standards. 
D)  Slave breeding and sexual exploitation were myths and slave sales rarely broke up slave families. 
A)  Slavery was profitable for Southerners and consequently resulted in wealth accumulation. 
B)  Slavery was on the verge of extinction on the eve of the Civil War. 
C)  Slave owners were moral and treated slaves with kindness and high standards. 
D)  Slave breeding and sexual exploitation were myths and slave sales rarely broke up slave families.

Question 19

Explain why the Civil War did not end the debate over slavery.Describe how that debate still affects us today.

Accepted Answer

The Civil War did not end the debate ove

Question 20

The reminiscences of two famous people who were born into slavery,Frederick Douglass and ?Booker T.Washington,include all of the following except

Accepted Answer

A)  The common custom among slave owners was to ensure that small children of slaves ?had the nurturing of both parents until they reached good working age. 
B)  Their early years were not very different from thousands of other slave children. 
C)  Their fathers were white men. 
D)  They saw their mothers infrequently, only a few times in their lives, or only sometimes ?in the early morning hours before their mothers went to work or late at night. 
A)  The common custom among slave owners was to ensure that small children of slaves ?had the nurturing of both parents until they reached good working age. 
B)  Their early years were not very different from thousands of other slave children. 
C)  Their fathers were white men. 
D)  They saw their mothers infrequently, only a few times in their lives, or only sometimes ?in the early morning hours before their mothers went to work or late at night.

Exam 10: The Debate over Slavery

All of the following were true in the South except

If the relative market price of producing cotton is more than the opportunity cost of producing it in the South,

Southern slave owners were not rational people and did not strive to maximize profits through the ?use of the slave system of production.

A strong majority of economists support the proposition that the material,not psychological,conditions of the slaves compared favorably with those conditions faced by industrial workers ?before the Civil War.

Compare and contrast indentured servitude and slavery as solutions to the colonial and antebellum labor problems from the perspective of the entrepreneur (i.e.,the merchant,farmer,plantation owner).

Fogel and Engerman (1974)find evidence to suggest that young slave children were often sold by profit-maximizing slave owners.

Why did the slave-labor system probably cause a lag in Southern urban and industrial development?

Stampp (1976)finds evidence to suggest that the Southern slave owners were operating at losses,?not profits.

There is evidence to suggest that slaves were commonly sold and families were often separated.

Which researcher argues that the slave system and its enforcement mechanisms prevented slave individualism from emerging within the system itself?

Rational slave owners had economic incentive to adequately clothe,feed and care for their slaves.

The cotton sector grew and contributed greatly to the overall performance of the Southern economy.However,the distribution of wealth increasingly favored a small minority of large plantation owners.Explain how this change in the distribution of wealth helped fuel resistance against slavery.

Between 1790 and 1860,Southern population growth was dominated by growth in the slave population.

Conrad and Meyer (1958)found evidence to support the claim that the annual rates of return to slave agriculture were

Which of the following was NOT a major claim of Fogel and Engerman (1974)in their work on slavery?

Historians typically disagree with which of the following contentions from Time on the Cross?

Explain why the Civil War did not end the debate over slavery.Describe how that debate still affects us today.

The reminiscences of two famous people who were born into slavery,Frederick Douglass and ?Booker T.Washington,include all of the following except

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

Transportation, Internal Improvements, and Urbanization

Agricultural Expansion: The Conflict of Two Systems on the Land

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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