Question 1

The galloping inflation of the Revolutionary War period

Accepted Answer

A)   persisted throughout the 19th century because of over-issue of paper money by the states.
B)   has been exaggerated; prices were, in fact, quite moderate during the War.
C)   was particularly steep because the central government had no taxation powers to back it even partially.
D)   was accelerated by the repudiation of most wartime-issued paper money following the War. C

Question 2

If a the price index was 60 in 2000 and the price index was 90 in 2009, the best estimate of the annual inflation rate between 2000 and 2009 is

Accepted Answer

A)   15%.
B)   40%.
C)   50%.
D)   90%.
E)   7\5.

Question 3

The U.S. terminated its role in the slave trade in the early 1800s. What is the best assessment of what would have happened had the U.S. not ended the slave trade?

Accepted Answer

A)   The price of slaves would be lower and the wages of free workers would be lower.
B)   The price of slaves would be higher and the quantity of free workers would be lower.
C)   The price of slaves would be lower and the wages of free workers would be higher.
D)   The quantity of slaves would be higher and the quantity of free workers would be higher.
E)   The quantity of slaves would be lower and the wages of free workers would be lower.

Question 4

InWhich of the following states suffered the most severe drop in per capita exports between 1768 and 1792?:

Accepted Answer

A)   Massachusetts
B)   Maryland
C)   North Carolina
D)   South Carolina

Question 5

Post-Revolutionary trade data show that after 1790

Accepted Answer

A)   U.S. trade with non-British areas of the Caribbean increased.
B)   the export of food to the West Indies increased
C)   trade in the southern U.S. did not keep pace with population growth.
D)   the U.S. exported tobacco to France and the Netherlands.
E)   All of the above.

Question 6

What was not one of the Constitutional compromises about slavery?

Accepted Answer

A)   Limited the importation of slaves to 20 years.
B)   Northern states had to abide by the Southern states' slavery laws.
C)   Prevented imported slaves from being taxed.
D)   Slaves counted a 60% of a person for congressional representation.

Question 7

For the U.S., the Revolutionary War (1775-1781)  period could best described as having a rapid growth in:

Accepted Answer

A)   Trade
B)   Inflation.
C)   Real per capita income.
D)   Slave imports.

Question 8

What was not one of the problems of the Articles of Confederation?

Accepted Answer

A)   It did not allow the federal government to tax.
B)   It did not give the federal government sufficient power to define international relationships.
C)   It could not keep the states together as a political union.
D)   It did not give the federal government the sole right to mint coins.

Question 9

Having sided with the British during the Revolution, the ___________ lost much of their land and position in America after the War.

Accepted Answer

A)   Iroquois
B)   French
C)   Mexicans
D)   Sioux

Question 10

At the heart of the young nation's economic woes after the Revolutionary War was the fact that Americans

Accepted Answer

A)   had snubbed the French in trade during the war.
B)   had thought they could rely solely on their long and deep trade relations with Spain.
C)   were no longer part of the British Empire.
D)   refused to trade with  independent Caribbean nations.

Question 11

Immediately following the Revolution,

Accepted Answer

A)   America found itself outside the protection of the British empire
B)   trade alliances with both Spain and France began to crumble.
C)   all American-built vessels were ineligible to trade with the British Empire.
D)   All of the above are correct.
E)   Only a and b are correct.

Question 12

The hyperinflation of the Revolutionary War period was in part caused by the issuance of paper money with a face value in the ______ of dollars.

Accepted Answer

A)   millions
B)   tens of millions
C)   hundreds of millions
D)   billions of dollars C

Question 13

What generated the most revenue for the U.S. government for most of the nineteenth century?

Accepted Answer

A)   Income taxes
B)   Property taxes
C)   Tariffs on goods imported from other nations
D)   Inheritance taxes
E)   Taxes on products shipped between states

Question 14

The Embargo Act (1807)

Accepted Answer

A)   provided little, if any aid to the emerging manufacturing sector in the U.S.
B)   successfully forced England and France to ease their harassment of neutral ships.
C)   reduced U.S. imports, but increased U.S. exports.
D)   remained in effect until after the Civil War.
E)   None of the above are correct.

Question 15

During the Napoleonic Wars (1793-1815)

Accepted Answer

A)   America experienced periods of  full employment.
B)   urbanization increased sharply.
C)   America bore the brunt of the mercantilist policies of both England and France.
D)   Both a and c are correct.
E)   Both a and b are correct. D

Question 16

The Embargo Act (1807)

Accepted Answer

A)   had a devastating effect on U.S. manufacturing.
B)   led to increases in U.S. exports and per capita income.
C)   increased U.S. imports, but decreased U.S. exports.
D)   was replaced by the Non-Importation Act of 1809.
E)   All of the above.

Question 17

The Constitution

Accepted Answer

A)   empowers each state to negotiate its own treaties with foreign governments.
B)   empowers Congress to pay off all public debts, including those incurred by the states.
C)   allows for states to set tariffs on goods imported from another state.
D)   allows only Congress to set tariffs on goods moving from one state to another.

Question 18

The writings of the 18th century economist _____________ greatly influenced Constitutional provisions regarding private property rights.

Accepted Answer

A)   John Maynard Keynes
B)   Alfred Marshall
C)   Adam Smith
D)   John Hicks

Question 19

Common American re-exports of the Napoleonic War period included all of the following except

Accepted Answer

A)   cotton
B)   sugar
C)   coffee
D)   spices

Question 20

Which of the following statements accurately characterizes American trade during the Revolutionary War?

Accepted Answer

A)   The American colonies actively traded with France, Holland and Spain until 1778, when trade was hampered by British blockades.
B)   British blockades hampered the trade activities of first Northern and later Southern ports.
C)   American trade fell below pre-war levels.
D)   Decreases in exports led to decreases in domestic production of textiles, beer and other products.
E)   Both b and c are correct.

Exam 7: Hard Realities for a New Nation

The galloping inflation of the Revolutionary War period

Correct AnswerverifiedC

If a the price index was 60 in 2000 and the price index was 90 in 2009, the best estimate of the annual inflation rate between 2000 and 2009 is

Correct AnswerverifiedShow Answer

The U.S. terminated its role in the slave trade in the early 1800s. What is the best assessment of what would have happened had the U.S. not ended the slave trade?

Correct AnswerverifiedShow Answer

InWhich of the following states suffered the most severe drop in per capita exports between 1768 and 1792?:

Correct AnswerverifiedShow Answer

Post-Revolutionary trade data show that after 1790

Correct AnswerverifiedShow Answer

What was not one of the Constitutional compromises about slavery?

Correct AnswerverifiedShow Answer

For the U.S., the Revolutionary War (1775-1781) period could best described as having a rapid growth in:

Correct AnswerverifiedShow Answer

What was not one of the problems of the Articles of Confederation?

Correct AnswerverifiedShow Answer

Having sided with the British during the Revolution, the ___________ lost much of their land and position in America after the War.

Correct AnswerverifiedShow Answer

At the heart of the young nation's economic woes after the Revolutionary War was the fact that Americans

Correct AnswerverifiedShow Answer

Immediately following the Revolution,

Correct AnswerverifiedShow Answer

The hyperinflation of the Revolutionary War period was in part caused by the issuance of paper money with a face value in the ______ of dollars.

Correct AnswerverifiedC

What generated the most revenue for the U.S. government for most of the nineteenth century?

Correct AnswerverifiedShow Answer

The Embargo Act (1807)

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During the Napoleonic Wars (1793-1815)

Correct AnswerverifiedD

The Embargo Act (1807)

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The Constitution

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The writings of the 18th century economist _____________ greatly influenced Constitutional provisions regarding private property rights.

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Common American re-exports of the Napoleonic War period included all of the following except

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Which of the following statements accurately characterizes American trade during the Revolutionary War?

Correct AnswerverifiedShow Answer

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C

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C

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D

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The writings of the 18^th century economist _____________ greatly influenced Constitutional provisions regarding private property rights.

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