Question 1

The smallest productivity gains from colonial shipping were from

Accepted Answer

A)  shorter layover times in ports. 
B)  lower insurance rates. 
C)  the increased speed of the ships. 
D)  fewer wars. 
A)  shorter layover times in ports. 
B)  lower insurance rates. 
C)  the increased speed of the ships. 
D)  fewer wars. C

Question 2

According to data on Pennsylvania agriculture in the 18th century, increases in productivity were primarily due to

Accepted Answer

A)  increases in average farm size. 
B)  increases in the amount of labor per farm. 
C)  increased mechanization. 
D)  increases in the capital-labor ratio. 
A)  increases in average farm size. 
B)  increases in the amount of labor per farm. 
C)  increased mechanization. 
D)  increases in the capital-labor ratio. D

Question 3

Based on the analysis of Alice Hanson Jones, what colonial region showed the most unequal distribution of wealth?

Accepted Answer

A)  New England . 
B)  Middle Colonies. 
C)  South. 
A)  New England . 
B)  Middle Colonies. 
C)  South. C

Question 4

Compared with the 19th century, during the colonial period technological changes that raised output relative to inputs

Accepted Answer

A)  were slow and steady. 
B)  increased in the early part of the period, but fell off dramatically after 1643. 
C)  remained minor and sporadic. 
D)  increased dramatically after 1643. 
A)  were slow and steady. 
B)  increased in the early part of the period, but fell off dramatically after 1643. 
C)  remained minor and sporadic. 
D)  increased dramatically after 1643.

Question 5

The standard of living (measured by what one can purchase with after-tax income) of free Americans on the eve of the Revolution was ______.

Accepted Answer

A)  lower than in 18th century England, and lower than for most people in the "Third World" today. 
B)  higher than in 18th -century England, and higher than for most people in the "Third World" today. 
C)  lower than in 18th century England, but higher than for most people in the "Third World" today. 
D)  higher than in 18th century England, but lower than for most people in the "Third World" today. 
A)  lower than in 18th century England, and lower than for most people in the "Third World" today. 
B)  higher than in 18th -century England, and higher than for most people in the "Third World" today. 
C)  lower than in 18th century England, but higher than for most people in the "Third World" today. 
D)  higher than in 18th century England, but lower than for most people in the "Third World" today.

Question 6

ThWho said the following? "Plenty of good land, and liberty to manage their affairs their own way, seem to be the two great causes of the prosperity [of the English North American colonies]."

Accepted Answer

A)  Benjamin Franklin 
B)  Adam Smith 
C)  John Higginson 
D)  Stuart Bruchey 
A)  Benjamin Franklin 
B)  Adam Smith 
C)  John Higginson 
D)  Stuart Bruchey

Question 7

Which of the following best characterizes growth of wealth patterns in England's American colonies?

Accepted Answer

A)  Regions differed greatly in their growth phases. 
B)  Regions showed remarkably steady growth patterns over time. 
C)  English colonial growth patterns aligned with those of Spanish and French American holdings. 
D)  Regions differed in timing of wealth growth, but overall their growth was virtually identical. 
A)  Regions differed greatly in their growth phases. 
B)  Regions showed remarkably steady growth patterns over time. 
C)  English colonial growth patterns aligned with those of Spanish and French American holdings. 
D)  Regions differed in timing of wealth growth, but overall their growth was virtually identical.

Question 8

Which of the following provides an important source for data on colonial wealth?

Accepted Answer

A)  census records 
B)  newspapers 
C)  records of charitable contributions 
D)  probate records 
A)  census records 
B)  newspapers 
C)  records of charitable contributions 
D)  probate records

Question 9

The primary source of colonial productivity growth in agriculture was

Accepted Answer

A)  learning by doing. 
B)  an increased capital-labor ratio. 
C)  technology improvements. 
D)  the introduction of hybrid seeds and fertilizer. 
A)  learning by doing. 
B)  an increased capital-labor ratio. 
C)  technology improvements. 
D)  the introduction of hybrid seeds and fertilizer.

Question 10

Between 1620 and 1710, the price of tobacco in the colonies

Accepted Answer

A)  rose rapidly. 
B)  remained fairly stable due to monopolistic competition. 
C)  fell significantly. 
D)  was fixed by Parliament. 
A)  rose rapidly. 
B)  remained fairly stable due to monopolistic competition. 
C)  fell significantly. 
D)  was fixed by Parliament.

Question 11

Colonists' social standing depended on all of the following, except for:

Accepted Answer

A)  occupation 
B)  smoking habits 
C)  marriage 
D)  property ownership 
A)  occupation 
B)  smoking habits 
C)  marriage 
D)  property ownership

Question 12

Which of the following statements correctly characterizes the distribution of colonial wealth?

Accepted Answer

A)  Colonial wealth was distributed equally across the population. 
B)  While the distribution wealth was highly concentrated in the South, New England and the c.  Middle colonies had very equal wealth distributions. 
C)  Wealth inequality tended to be greatest in colonial cities. 
D)  A permanent underclass of free poor people developed during the colonial period. 
A)  Colonial wealth was distributed equally across the population. 
B)  While the distribution wealth was highly concentrated in the South, New England and the c.  Middle colonies had very equal wealth distributions. 
C)  Wealth inequality tended to be greatest in colonial cities. 
D)  A permanent underclass of free poor people developed during the colonial period.

Question 13

During the 100 years before the Revolutionary war, shipping costs were reduced by nearly

Accepted Answer

A)  10 percent. 
B)  25 percent. 
C)  50 percent. 
D)  70 percent. 
E)  Shipping costs increased during that period. 
A)  10 percent. 
B)  25 percent. 
C)  50 percent. 
D)  70 percent. 
E)  Shipping costs increased during that period.

Question 14

Tobacco prices fell dramatically in the early 1600s in spite of demand increases because

Accepted Answer

A)  supply was also increasing. 
B)  supply was decreasing. 
C)  new farming machinery was introduced. 
D)  the colonial government provided agriculture subsidies for tobacco farmers. 
A)  supply was also increasing. 
B)  supply was decreasing. 
C)  new farming machinery was introduced. 
D)  the colonial government provided agriculture subsidies for tobacco farmers.

Question 15

Compared to English and colonial vessels, Dutch flyboats

Accepted Answer

A)  were lighter. 
B)  required small crews. 
C)  carried fewer armaments. 
D)  cheaper to build and operate. 
E)  All of the above. 
A)  were lighter. 
B)  required small crews. 
C)  carried fewer armaments. 
D)  cheaper to build and operate. 
E)  All of the above.

Question 16

Which of the following statements accurately reflects research findings on the distribution of colonial wealth?

Accepted Answer

A)  The poorest 20 percent of colonist controlled nearly 20 percent of colonial wealth. 
B)  Distributional inequality tended to be greater in rural areas than in cities, particularly in New England. 
C)  Colonial wealth was distributed more unequally in the Middle colonies than in the South or New England. 
D)  For free people, the opportunity for income mobility was probably greater in the colonies than in England. 
A)  The poorest 20 percent of colonist controlled nearly 20 percent of colonial wealth. 
B)  Distributional inequality tended to be greater in rural areas than in cities, particularly in New England. 
C)  Colonial wealth was distributed more unequally in the Middle colonies than in the South or New England. 
D)  For free people, the opportunity for income mobility was probably greater in the colonies than in England.

Question 17

If the incomes of New Englanders increased and they demanded more tobacco, then tobacco would be:

Accepted Answer

A)  a normal good. 
B)  an inferior good. 
C)  a substitute good. 
D)  a complementary good. 
A)  a normal good. 
B)  an inferior good. 
C)  a substitute good. 
D)  a complementary good.

Question 18

Today _________ countries generate average income levels that approach the earnings of free Americans on the eve of the revolution.

Accepted Answer

A)  almost no 
B)  relatively few 
C)  many 
D)  most 
A)  almost no 
B)  relatively few 
C)  many 
D)  most

Question 19

The era's most significant technological change in shipping was the Dutch flyboat first introduced in

Accepted Answer

A)  1700. 
B)  1648. 
C)  1595. 
D)  1525. 
E)  1311. 
A)  1700. 
B)  1648. 
C)  1595. 
D)  1525. 
E)  1311.

Question 20

What best describes the economic standing of the colonies on the eve of the Revolution?

Accepted Answer

A)  The colonies were one of the richest nations in the world and had little income inequality because of the many opportunities that existed. 
B)  The colonies were in the middle of nations in terms of per capita income and had little income inequality. 
C)  The colonies were one of the richest nations in the world and had a significant amount of income inequality. 
D)  The colonies were in the middle of nations in terms of per capita income and had a significant amount of income inequality. 
A)  The colonies were one of the richest nations in the world and had little income inequality because of the many opportunities that existed. 
B)  The colonies were in the middle of nations in terms of per capita income and had little income inequality. 
C)  The colonies were one of the richest nations in the world and had a significant amount of income inequality. 
D)  The colonies were in the middle of nations in terms of per capita income and had a significant amount of income inequality.

Exam 5: Economic Progress and Wealth

The smallest productivity gains from colonial shipping were from

According to data on Pennsylvania agriculture in the 18th century, increases in productivity were primarily due to

Based on the analysis of Alice Hanson Jones, what colonial region showed the most unequal distribution of wealth?

Compared with the 19th century, during the colonial period technological changes that raised output relative to inputs

The standard of living (measured by what one can purchase with after-tax income) of free Americans on the eve of the Revolution was ______.

ThWho said the following? "Plenty of good land, and liberty to manage their affairs their own way, seem to be the two great causes of the prosperity [of the English North American colonies]."

Which of the following best characterizes growth of wealth patterns in England's American colonies?

Which of the following provides an important source for data on colonial wealth?

The primary source of colonial productivity growth in agriculture was

Between 1620 and 1710, the price of tobacco in the colonies

Colonists' social standing depended on all of the following, except for:

Which of the following statements correctly characterizes the distribution of colonial wealth?

During the 100 years before the Revolutionary war, shipping costs were reduced by nearly

Tobacco prices fell dramatically in the early 1600s in spite of demand increases because

Compared to English and colonial vessels, Dutch flyboats

Which of the following statements accurately reflects research findings on the distribution of colonial wealth?

If the incomes of New Englanders increased and they demanded more tobacco, then tobacco would be:

Today _________ countries generate average income levels that approach the earnings of free Americans on the eve of the revolution.

The era's most significant technological change in shipping was the Dutch flyboat first introduced in

What best describes the economic standing of the colonies on the eve of the Revolution?

Growth, Welfare, and the American Economy

Founding the Colonies

Colonial Economic Activities

The Economic Relations of the Colonies

Three Crises and Revolt

Hard Realities for a New Nation

Land and the Early Westward Movements

Transportation and Market Growth

Market Expansion and Industry in First Transition

Labor During the Early Industrial Period

Money and Banking in the Developing Economy

The Entrenchment of Slavery and Regional Conflict

War, Recovery, and Regional Divergence

Agricultures Western Advance

Railroads and Economic Change

Industrial Expansion and Concentration

The Emergence of Americas Labor Consciousness

Money, Prices, and Finance in the Postbellum Era

Commerce at Home and Abroad

World War I, 1914-1918

The Roaring Twenties

The Great Depression

The New Deal

World War Ii

The Changing Role of the Federal Government

The Changing Role of the Federal Government: Consumer Safety, Agriculture, the Environment, and Housing

Monetary Policy, Fiscal Policy, and the Business Cycle After World War Ii

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

Filters

According to data on Pennsylvania agriculture in the 18^th century, increases in productivity were primarily due to