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55 Cards in this Set
- Front
- Back
The first factories in the US were developed within the _____ industry. |
d. Cotton textile |
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_____ is credited with introducing the water frame in American spinning mills. |
a. Samuel Slater |
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By 1860, two thirds of America's woolen was produced in |
b. New England |
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By 1860, almost 3/4 of the US output of cotton goods was produced in |
b. New England |
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"Value added" is defined as |
d. The value of total product minus raw materials cost |
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Early American manufacturers were particularly concerned about minimizing |
b. Labor costs |
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The first permanently successful application of standardized interchangeable parts was made in the American _____ industry |
c. Armaments |
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A closed shop is an agreement whereby |
d. Employees must join a recognized union as a condition of employment |
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Generally speaking, by 1860 which of the following groups could not vote in the US? |
d. White women in the North |
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Before 1860, most of the US population lived _____ and most workers _____. |
b. In rural areas; self-employed |
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As the US became increasingly industrialized in the 19th centry, |
c. The income of the poor grew more slowly than the income of the rich. |
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Which of the following statements best describes the union movement between 1800-1860? |
a. Unions were composed primarily of craftsmen |
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In Commonwealth v. Hunt (1842) the Supreme Court of Massachusetts |
b. Rules that union members have the right to strike and push for a closed shop |
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From which country came the fewest immigrants during the large wave of immigrants who arrived in the US in the 1840s and 1850s? |
d. Spain |
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The Coinage Act of 1792 |
a. Designated both gold and silver as the monetary standard for the US |
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Gresham's Law |
c. Applies to a wide variety of situations |
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In his Report on a National Bank, _____ argued in favor of the establishment of a Bank of the US. |
b. Alexander Hamilton |
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The 2nd Bank of the US rose to prominence under the leadership of |
d. Nicholas Biddle |
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_____ was a vocally and actively opposed the re-chartering of the 2nd Bank of the US |
c. Andrew Jackson |
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The Suffolk System |
b. Led to lower discount rates on the notes of country banks in New England |
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The Safety Fund System |
a. Operated similarly to the modern Federal Deposit Insurance Corp (FDIC) |
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By 1825, what area in the New World had the greatest portion of slaves? |
c. The United States |
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With the adoption of the US Constitution in 1787, |
b. Importation of slaves was allowed, but only for the next 20 years |
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The first actions taken socially to compel conformity to abolitionist sentiments was taken by |
c. The Quakers |
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Between 1820 and 1860, cotton output per slave |
c. Increased by fourfold or more |
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"Economic exploitation" is measured by |
b. The difference between the value of output a worker adds and what she recieves |
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In 1860, the total value of the US slaves was |
b. About $3 billion |
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In the Dred Scott decision (1857), the Supreme Court declared that |
d. Congress could not prohibit slavery in the western territories |
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The South's transportation problem was primarily due to |
a. A shortage of mules and horses |
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Printing of paper money by the Confederate government led to |
c. Hyperinflation in the final months of the War |
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Which of the following methods of generating federal government revenue was first introduced during the Civil War? |
a. The personal income tax |
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The Goldin and Lewis (1975) study of the costs of the Civil War |
c. Estimated the total cost of the War at more than double national income in 1860 |
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In the North, the Civil War |
d. Was accompanied by a relatively low unemployment rate |
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In the South after the Civil War, |
c. Manufacturing recovered before agriculture |
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Which Amendment freed slaved? |
a. Thirteenth |
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Under the Dawes Act of 1887, |
a. Nearly 100 million acres of Indian territories were opened for public purchase |
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In the early 1900s, the Homestead Act |
a. Was modified to allow settlers to obtain larger, more practical-sized farms |
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By 1900, the leading cotton producing state was |
c. Texas |
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Between 1875 and 1895, |
c. Wholesale farm prices and consumer prices fell, but wholesale farm prices fell more rapidly |
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Worsening terms of trade can be offset by |
a. Increased productivity |
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The Morrill Act of 1862 established |
c. "Land-grant" colleges that provided agricultural education and research |
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The first major step toward natural resource reform was |
a. The General Revision Act of 1891 |
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In the late 19th century, the chief railroad terminus was |
b. Chicago |
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Each of the three major waves in 19th-century railroad construction ended due to |
a. A major financial crisis in the US |
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The sustained productivity growth of railroads occurred primarily because of |
a. Increased economies of scale |
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The most significant kind of federal subsidy of railroads was |
c. Land grants |
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In Munn v. Illinois (1877), the Supreme Court held that |
c. States have a right to regulate businesses within the state that are "clothes with a public interest" |
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In the Wabash case (1886), the Supreme Court held that |
a. States cannot enact laws that interfere with interstate commerce |
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The first independent federal regulatory agency was |
a. Interstate Commerce Commission |
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By the 20th century, the largest sector of the US economy in terms of commodity output value was |
b. Manufacturing |
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The McCallum management principles advocate the use of |
c. Internal accounting systems and performance evaluations |
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Henry Ford is most recognized for |
c. Implementing the first progressive, moving assembly-line system for large, complex final products |
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Frederick W. Taylor argued that worker efficiency could be improved by |
a. Analyzing in detail the movements required to perform a job |
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A horizontal merger |
b. Combines firms that produce similar products |
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John D. Rockefeller is most recognized for |
a. Developing the oil industry |