Question 1

In answering the question "Did the Civil War help promote economic growth and industrialization?" Hughes and Cain (2011)conclude that

Accepted Answer

A)  the war, rather than being a major stimulus to industry, was actually a great drain that slowed U.S. economic development for a time. 
B)  the war was indeed a major stimulus to industry because it promoted the building of wartime factories and new technology, which then provided a basis for rapidly growing production levels when peace came. 
C)  the war was a setback for the South but a great stimulus for the North. 
D)  the war seemed to have had no overall impact on the economic growth of the nation. 
A)  the war, rather than being a major stimulus to industry, was actually a great drain that slowed U.S. economic development for a time. 
B)  the war was indeed a major stimulus to industry because it promoted the building of wartime factories and new technology, which then provided a basis for rapidly growing production levels when peace came. 
C)  the war was a setback for the South but a great stimulus for the North. 
D)  the war seemed to have had no overall impact on the economic growth of the nation.

Question 2

The arguments of Kessel and Alchien (1959)on the terms of trade and the question of "who paid for the Civil War (1861-1865)" conclude that 40 percent of the war's burden fell on

Accepted Answer

A)  those who exported manufactures. 
B)  those who purchased imports. 
C)  farmers alone. 
D)  the economy as a whole. 
A)  those who exported manufactures. 
B)  those who purchased imports. 
C)  farmers alone. 
D)  the economy as a whole.

Question 3

Which of the following groups benefited from the Civil War (1861-1865)?

Accepted Answer

A)  Wage earners who suffered declining real earnings as wages lagged behind the inflation 
B)  Those groups issuing bonds during the war 
C)  Those farmers whose crops and farm animals were destroyed 
D)  Slave owners who parted with their property without compensation 
A)  Wage earners who suffered declining real earnings as wages lagged behind the inflation 
B)  Those groups issuing bonds during the war 
C)  Those farmers whose crops and farm animals were destroyed 
D)  Slave owners who parted with their property without compensation

Question 4

Even though reliable data is lacking,the Beard-Hacker Thesis maintains that the Civil War ?(1861-1865)

Accepted Answer

A)  was more costly to the South than to the North. 
B)  ended Southern prosperity through the abolition of slavery. 
C)  increased immigration to the U.S. 
D)  sped up the industrialization of the U.S. 
A)  was more costly to the South than to the North. 
B)  ended Southern prosperity through the abolition of slavery. 
C)  increased immigration to the U.S. 
D)  sped up the industrialization of the U.S.

Question 5

During and after the Civil War (1861-1865),what changes took place in the financial system servicing the antebellum South? How did these changes hinder growth and development in the cotton economy of the post-bellum period?

Accepted Answer

During and after the Civil War, signific

Question 6

The Mokyr-DeCanio thesis states that real wages of Northern workers lagged behind price increases during the Civil War (1861-1865),thus shifting to the workers themselves a major part of the war's cost.

Accepted Answer

A) True 
 B)False

Question 7

In the years immediately following the Civil War (1861-1865),a "unique" pattern of social and economic life formed in the South.It included:

Accepted Answer

A)  High productivity 
B)  An increase in wealth among all groups 
C)  Social advancement among former slaves and whites 
D)  Racism 
A)  High productivity 
B)  An increase in wealth among all groups 
C)  Social advancement among former slaves and whites 
D)  Racism

Question 8

Discuss the labor "shortage" of the post-bellum period.Explain how the incentives linked to the system of sharecropping contributed to it.

Accepted Answer

The labor "shortage" of the post-bellum

Question 9

There is clear evidence that the Civil War (1861-1865)aided industrialization in the U.S.

Accepted Answer

A) True 
 B)False

Question 10

Did the Civil War (1861-1865)promote or retard industrialization? Discuss the debate.

Accepted Answer

The debate over whether the Civil War pr

Question 11

By almost every measure of social and economic well-being,for how long after the Civil War?(1861-1865)did the South lag behind the rest of the country?

Accepted Answer

A)  For almost a century 
B)  For almost a decade before it adapted to life without slavery 
C)  For only two decades 
D)  Right down to the present day 
A)  For almost a century 
B)  For almost a decade before it adapted to life without slavery 
C)  For only two decades 
D)  Right down to the present day

Question 12

Identify the sources of funding for the Civil War (1861-1865).Discuss their inflationary consequences.

Accepted Answer

The sources of funding for the Civil War

Question 13

The United States' first income tax was imposed during

Accepted Answer

A)  the American Revolutionary War (1763-1789). 
B)  the Civil War (1861-1865). 
C)  the 1930's Great Depression. 
D)  World War II (1939-1945). 
A)  the American Revolutionary War (1763-1789). 
B)  the Civil War (1861-1865). 
C)  the 1930's Great Depression. 
D)  World War II (1939-1945).

Question 14

After the Civil War (1861-1865),the cotton South

Accepted Answer

A)  continued to experience prosperity. 
B)  was no longer the main contributor to the agricultural sector, as wheat production elsewhere began to prosper. 
C)  experienced prosperity in some Southern states but not in all. 
D)  was no longer the major source of income for the South; Southerners quickly supplemented their cotton incomes with income generated by the manufacturing sector. 
A)  continued to experience prosperity. 
B)  was no longer the main contributor to the agricultural sector, as wheat production elsewhere began to prosper. 
C)  experienced prosperity in some Southern states but not in all. 
D)  was no longer the major source of income for the South; Southerners quickly supplemented their cotton incomes with income generated by the manufacturing sector.

Question 15

The Confederate government

Accepted Answer

A)  failed to increase its external debt and thus produced domestic inflation. 
B)  did not make the Confederate currency legal tender. 
C)  failed to raise sufficient resources because of unwillingness to increase ?the supply of paper money. 
D)  did none of the above. 
A)  failed to increase its external debt and thus produced domestic inflation. 
B)  did not make the Confederate currency legal tender. 
C)  failed to raise sufficient resources because of unwillingness to increase ?the supply of paper money. 
D)  did none of the above.

Question 16

The inflation that occurred during the Civil War (1861-1865)can be described as all of the?following except

Accepted Answer

A)  A means of expropriating resources to fight the war 
B)  A form of taxation to provide resources to fight the war 
C)  A representation of a decrease in the purchasing power of money 
D)  A less expensive way of paying for the war than taxation 
A)  A means of expropriating resources to fight the war 
B)  A form of taxation to provide resources to fight the war 
C)  A representation of a decrease in the purchasing power of money 
D)  A less expensive way of paying for the war than taxation

Question 17

The system of sharecropping that emerged after the Civil War (1861-1865)

Accepted Answer

A)  gave neither the owners of land nor the sharecroppers strong incentives to make improvements?in agricultural production. 
B)  gave both the owners of land and the sharecroppers strong incentives to make improvements?in agricultural production. 
C)  gave the owners of land but not the sharecroppers strong incentives to make improvements?in agricultural production. 
D)  gave the sharecroppers but not the owners of land strong incentives to make improvements?in agricultural production. 
A)  gave neither the owners of land nor the sharecroppers strong incentives to make improvements?in agricultural production. 
B)  gave both the owners of land and the sharecroppers strong incentives to make improvements?in agricultural production. 
C)  gave the owners of land but not the sharecroppers strong incentives to make improvements?in agricultural production. 
D)  gave the sharecroppers but not the owners of land strong incentives to make improvements?in agricultural production.

Exam 13: Economic Effects of the Civil War

In answering the question "Did the Civil War help promote economic growth and industrialization?" Hughes and Cain (2011)conclude that

The arguments of Kessel and Alchien (1959)on the terms of trade and the question of "who paid for the Civil War (1861-1865)" conclude that 40 percent of the war's burden fell on

Which of the following groups benefited from the Civil War (1861-1865)?

Even though reliable data is lacking,the Beard-Hacker Thesis maintains that the Civil War ?(1861-1865)

During and after the Civil War (1861-1865),what changes took place in the financial system servicing the antebellum South? How did these changes hinder growth and development in the cotton economy of the post-bellum period?

The Mokyr-DeCanio thesis states that real wages of Northern workers lagged behind price increases during the Civil War (1861-1865),thus shifting to the workers themselves a major part of the war's cost.

In the years immediately following the Civil War (1861-1865),a "unique" pattern of social and economic life formed in the South.It included:

Discuss the labor "shortage" of the post-bellum period.Explain how the incentives linked to the system of sharecropping contributed to it.

There is clear evidence that the Civil War (1861-1865)aided industrialization in the U.S.

Did the Civil War (1861-1865)promote or retard industrialization? Discuss the debate.

By almost every measure of social and economic well-being,for how long after the Civil War?(1861-1865)did the South lag behind the rest of the country?

Identify the sources of funding for the Civil War (1861-1865).Discuss their inflationary consequences.

The United States' first income tax was imposed during

After the Civil War (1861-1865),the cotton South

The Confederate government

The inflation that occurred during the Civil War (1861-1865)can be described as all of the?following except

The system of sharecropping that emerged after the Civil War (1861-1865)

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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