Question 1

Sharecropping after the Civil War (1861-1865)was the land tenure of black and white non-landowning farmers in about equal proportions.

Accepted Answer

A) True 
 B)False

Question 2

The inflation that occurred during the Civil War (1861-1865)

Accepted Answer

A)  was a means of expropriating resources to fight the war. 
B)  was a form of taxation to provide resources to fight the war. 
C)  represented a decrease in the purchasing power of money. 
D)  was true for all of the above. 
A)  was a means of expropriating resources to fight the war. 
B)  was a form of taxation to provide resources to fight the war. 
C)  represented a decrease in the purchasing power of money. 
D)  was true for all of the above.

Question 3

In all areas but property,the measurable costs of the Civil War (1861-1865)were highest in the North.

Accepted Answer

A) True 
 B)False

Question 4

Compare and contrast the financial systems in the cotton South before and after the Civil War ?(1861-1865).

Accepted Answer

Before the Civil War, the financial syst

Question 5

During the Civil War (1861-1865),hyperinflation occurred in

Accepted Answer

A)  the North. 
B)  the South. 
C)  both the North and South. 
D)  neither the North nor the South. 
A)  the North. 
B)  the South. 
C)  both the North and South. 
D)  neither the North nor the South.

Question 6

The South suffered from a labor shortage immediately after the Civil War (1861-1865)mostly because

Accepted Answer

A)  freed slaves worked fewer hours. 
B)  freed slaves moved North. 
C)  Southern agriculture became mechanized. 
D)  Southern industry attracted workers away from agriculture. 
A)  freed slaves worked fewer hours. 
B)  freed slaves moved North. 
C)  Southern agriculture became mechanized. 
D)  Southern industry attracted workers away from agriculture.

Question 7

What were the Jim Crow laws? How did they impact the efficient and effective flow of economic resources,final goods and final services?

Accepted Answer

The Jim Crow laws were a collection of s

Question 8

The decline of the greenback against gold made imports more expensive.

Accepted Answer

A) True 
 B)False

Question 9

Discuss the controversy surrounding emancipation without compensation from the perspectives of both the slaves and slave owners.

Accepted Answer

The controversy surrounding emancipation

Question 10

The Civil War (1861-1865)was the root of which modern-day belief(s)?

Accepted Answer

A)  The Thirteenth Amendment of the Constitution, which prohibits slavery and involuntary servitude in the U.S. 
B)  The belief that wars can stimulate industrialization. 
C)  The belief that wars can effectively mobilize resources, boost employment and heighten production without inflationary consequences. 
D)  All of the above. 
A)  The Thirteenth Amendment of the Constitution, which prohibits slavery and involuntary servitude in the U.S. 
B)  The belief that wars can stimulate industrialization. 
C)  The belief that wars can effectively mobilize resources, boost employment and heighten production without inflationary consequences. 
D)  All of the above.

Question 11

Unlike previous and future wars,the United States' federal government did not need to impose an income tax to finance the Civil War (1861-1865).

Accepted Answer

A) True 
 B)False

Question 12

Describe the emerging patterns of the Southern economy in the post-bellum period.Which patterns largely lingered into the 1930s? On what grounds were the Southern plantation owners not compensated for their loss of slave capital?

Accepted Answer

In the post-bellum period, the Southern

Question 13

Sharecropping successfully replaced the slavery system.

Accepted Answer

A) True 
 B)False

Question 14

By the time the Civil War (1861-1865)ended,hyperinflation was a problem in both the North and the South.

Accepted Answer

A) True 
 B)False

Question 15

Explain why relative wages matter by highlighting the move of the Chinese immigrants from sugarcane plantations to the West Coast.

Accepted Answer

Relative wages matter because they refle

Question 16

The United States gained significant strength globally in manufacturing production during the ?Civil War (1861-1865).

Accepted Answer

A) True 
 B)False

Question 17

Stanley Engerman's (1971)work on the economic impact of the Civil War (1861-1865)refuted?a view sometimes called the Beard-Hacker thesis.This thesis holds that

Accepted Answer

A)  the Civil War (1861-1865) held back the ongoing processes of industrialization. 
B)  the Civil War (1861-1865) accelerated the ongoing processes of industrialization. 
C)  the Civil War (1861-1865)'s demands for manufactured goods increased American long-term dependency on foreign trade. 
D)  the Civil War (1861-1865) was more disruptive of the "westward movement" than it was of ongoing processes of industrialization. 
A)  the Civil War (1861-1865) held back the ongoing processes of industrialization. 
B)  the Civil War (1861-1865) accelerated the ongoing processes of industrialization. 
C)  the Civil War (1861-1865)'s demands for manufactured goods increased American long-term dependency on foreign trade. 
D)  the Civil War (1861-1865) was more disruptive of the "westward movement" than it was of ongoing processes of industrialization.

Question 18

The South's post-Civil War (1861-1865)backwardness was due to all of the following,according?to Hughes and Cain (2011),except

Accepted Answer

A)  Extensive wartime destruction of life and wealth 
B)  The fiscal disaster of the Confederacy, whereby nine-tenths of the state banks of the South vanished 
C)  The price of cotton, which did not fall, but did fail to increase as it had prior to the Civil War (1861-1865), thus turning cotton into a less profitable crop 
D)  The sharecropping system's failure to provide incentives for innovation in agriculture 
A)  Extensive wartime destruction of life and wealth 
B)  The fiscal disaster of the Confederacy, whereby nine-tenths of the state banks of the South vanished 
C)  The price of cotton, which did not fall, but did fail to increase as it had prior to the Civil War (1861-1865), thus turning cotton into a less profitable crop 
D)  The sharecropping system's failure to provide incentives for innovation in agriculture

Question 19

Which of the following was NOT used to finance the Civil War (1861-1865)?

Accepted Answer

A)  Taxation 
B)  Borrowing 
C)  Printing money 
D)  Large voluntary contributions from individuals opposed to slavery 
A)  Taxation 
B)  Borrowing 
C)  Printing money 
D)  Large voluntary contributions from individuals opposed to slavery

Question 20

With regard to the question "What were the lives of those who died in the Civil War (1861-1865)worth?" Hughes and Cain (2011)conclude that

Accepted Answer

A)  there is no way to answer this question because people have infinite worth. 
B)  an estimate can be made by calculating the value of the loss of "human capital." 
C)  the worth was close to zero because of the surplus of population that existed at the time. 
D)  the worth of Northern lives lost was greater because the Northerners were fighting against?the evils of slavery. 
A)  there is no way to answer this question because people have infinite worth. 
B)  an estimate can be made by calculating the value of the loss of "human capital." 
C)  the worth was close to zero because of the surplus of population that existed at the time. 
D)  the worth of Northern lives lost was greater because the Northerners were fighting against?the evils of slavery.

Exam 13: Economic Effects of the Civil War

Sharecropping after the Civil War (1861-1865)was the land tenure of black and white non-landowning farmers in about equal proportions.

The inflation that occurred during the Civil War (1861-1865)

In all areas but property,the measurable costs of the Civil War (1861-1865)were highest in the North.

Compare and contrast the financial systems in the cotton South before and after the Civil War ?(1861-1865).

During the Civil War (1861-1865),hyperinflation occurred in

The South suffered from a labor shortage immediately after the Civil War (1861-1865)mostly because

What were the Jim Crow laws? How did they impact the efficient and effective flow of economic resources,final goods and final services?

The decline of the greenback against gold made imports more expensive.

Discuss the controversy surrounding emancipation without compensation from the perspectives of both the slaves and slave owners.

The Civil War (1861-1865)was the root of which modern-day belief(s)?

Unlike previous and future wars,the United States' federal government did not need to impose an income tax to finance the Civil War (1861-1865).

Describe the emerging patterns of the Southern economy in the post-bellum period.Which patterns largely lingered into the 1930s? On what grounds were the Southern plantation owners not compensated for their loss of slave capital?

Sharecropping successfully replaced the slavery system.

By the time the Civil War (1861-1865)ended,hyperinflation was a problem in both the North and the South.

Explain why relative wages matter by highlighting the move of the Chinese immigrants from sugarcane plantations to the West Coast.

The United States gained significant strength globally in manufacturing production during the ?Civil War (1861-1865).

Stanley Engerman's (1971)work on the economic impact of the Civil War (1861-1865)refuted?a view sometimes called the Beard-Hacker thesis.This thesis holds that

The South's post-Civil War (1861-1865)backwardness was due to all of the following,according?to Hughes and Cain (2011),except

Which of the following was NOT used to finance the Civil War (1861-1865)?

With regard to the question "What were the lives of those who died in the Civil War (1861-1865)worth?" Hughes and Cain (2011)conclude that

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 Debate over Slavery

The Early Industrial Sector

The Financial System and the International Economy

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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