A) government ownership of banks.
B) government ownership of railroads.
C) government-imposed anti-monopoly policies.
D) government policies designed to encourage inflation.
E) All of the above.
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Multiple Choice
A) the rise of railroad cartels in the Midwest.
B) the rise of global market forces not easily observed by the farmers.
C) a decline in the value of agricultural exports from 1870 to 1900.
D) predatory lending by banks, resulting in increased farm repossessions.
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Multiple Choice
A) falling prices for wholesale farm products.
B) rising real interest rates.
C) rising prices for consumer goods.
D) rising prices for farm equipment.
E) All of the above.
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Multiple Choice
A) Eastern bankers conspired to inflate interest rates on western farm mortgages.
B) Manufacturers charged unreasonably high prices for farm equipment.
C) Consumer goods prices were rising too rapidly.
D) Certain sections of railroad were monopolized, resulting in unreasonably high freight rates.
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Multiple Choice
A) fines charged to fraudulent companies provided substantial revenues for the federal government.
B) resources were transferred to companies that could take advantage of economies of scale.
C) conflicts between farmers and railroads were reduced.
D) legislators friendly to economic development were elected because of backing from the fraudulent companies.
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Multiple Choice
A) the General Revision Act of 1891.
B) the Commons Preservation Act of 1896.
C) the Reclamation Act of 1902.
D) the Snowden-Higgs Act of 1904.
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Multiple Choice
A) Although output per acre was not growing, increased labor productivity allowed farmers to earn profits.
B) Farmers exited corn and wheat production due to lack of profits in these crops.
C) Because output per acre was not growing, farmers were forced to produce corn and wheat on farms of 60 acres or less.
D) Corn and wheat production became concentrated in the Great Lakes region, where small farms were common after the Civil War.
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Multiple Choice
A) The share increases.
B) The share decreases.
C) The share stays the same.
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Multiple Choice
A) the Grangers.
B) the Greenback Party.
C) the Southern Alliance.
D) The Populists.
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Multiple Choice
A) "learning by doing"
B) the movement from family farms to corporate farms
C) better access to banks and financial capital
D) biological and chemical innovations
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Multiple Choice
A) nearly 100 million acres of Indian territories were opened for public purchase.
B) "squatters" rights were legally recognized.
C) substantial tracts of land were granted to western railroads.
D) 160 acres was granted to anyone who agreed to plant trees on at least 40 acres.
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Multiple Choice
A) decreased by about 10 percent.
B) initially decreased, but then returned to its former level and remained there.
C) increased by about 50 percent.
D) nearly doubled.
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Multiple Choice
A) had no concrete practical impact.
B) laid the foundation for Franklin D. Roosevelt to pursue conservation measures.
C) placed 75 million acres of marketable timber under government stewardship.
D) was the heart of early environmental preservationism.
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Multiple Choice
A) Warren G. Harding
B) Abraham Lincoln
C) Ulysses S. Grant
D) Theodore Roosevelt
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Multiple Choice
A) real rates were lower than rates charged to eastern manufacturers.
B) relatively high real rates were due to the monopoly power of eastern financiers.
C) relatively high rates reflected high lending risks associated with agricultural loans.
D) Farmers' nominal rates were high, but real rates were actually less than those charged for most loans.
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Multiple Choice
A) the development of railroad cars that could haul cattle.
B) organized efforts by northern cattlemen to reduce overstocking of cattle on the northern ranges.
C) the advent of barbed wire fences.
D) a reduced demand for beef in both domestic and export markets.
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Multiple Choice
A) increased productivity.
B) increased competition.
C) reductions in domestic tariffs.
D) increased property taxes.
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Multiple Choice
A) Americans were more interested in moving to cities than to homesteads.
B) the available land was best suited for grazing livestock, but 160-acre plots were too small to do so profitably.
C) a treaty between the U.S. government and Native Americans prevented homesteaders from acquiring most of the land.
D) homestead filing fees were gradually increased during this time period.
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Multiple Choice
A) roughly half as much as
B) about the same as
C) twice as much as
D) triple the amount of
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Multiple Choice
A) the policy was inefficient and reduced total output.
B) the policy was largely inefficient, with evidence of increased output only found on large farms.
C) the Homestead Act allowed western farmers to enjoy rising agricultural prices for most of the post-bellum period.
D) average rates of return on western agricultural investments were comparable to those in manufacturing.
Correct Answer
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