econ. history questions

INTRO TO ECON HISTORY
	○ The scientific revolution?
		a) Proved that women are physically inferior to men <- UNRELATED
		b) Supported the idea that men were more important than women in the economy <- UNRELATED
		c) Proved that men are mentally inferior than(to) women <- UNRELATED
		d) Proved that women are mentally inferior than(to) men <- UNRELATED
		e) None of these(the above) <- CORRECT ANSWER
	○ As a result of the crisis of the medieval economy during the 14th-15th centuries:
		a) Land became abundant and labor scarcer <- CORRECT ANSWER
		b) Labor became abundant and land scarcer <- OPPOSITE
		c) There was a price revolution in Europe <- AFTER NEW WORLD DISCOVERY
		d) The feudal system was established in Europe <- AFTER FALL OF ROMAN EMPIRE/WAS DESTROYED AS A RESULT
		e) None of these(the above) <- IT'S ACTUALLY i)
INDUSTRIAL REV
• Questions
	• Which statement is the best summary of the economy(as an explanation of what the economy was like) before 1715
		a) Heavy industry, lots of population <- Nope
		b) Cotton-textile industry, lots of population <- nope
		c) Based on agriculture <- correct
		d) Water-powered factories, some population <- nope
		e) Steam power, decreasing prices <- nope
	• Before a nation cab begin to industrialize that nation must first develop
		a)  Strong religious foundation
		b)  A rigid class structure
		c) An adequate food supply
		d)  A democratic government
		e)  All of these <- correct
UK PRE1914
• Questionnaire
	• The institutional setting for economic growth in 19th century Europe(and the US) was not based on:
		a)  Individual initiative and enterprise
		b) Private property rights
		c) The rule of the law
		d)  The international trade <- wrong statement -> correct answer
		e)  The use of rationality and science in the pursuit of the material ends
	• In 1846, the British parliament repealed what unpopular laws?
		a)  Corn laws <- correct answer
		b)  Public health laws <- not economy
		c)  Poor laws <- not economy
		d)  Smooth-Hawley tariff/acts/laws <-not British
		e)  Navigation acts <- in 17th century
US PRE1914 PART I
Example questions
	How was the American war for independence paid for?
		a)  The American Congress reduced non-military expenditures <- NOT CORRECT, IMPOSSIBLE
		b)  The US Govt. increased taxes <- WAR AGAINST TAXES, NO SENSE
		c)  The American Congress borrowed the necessary funds from the Dutch republic <- WRONG, WAS A BIT FROM FRENCH
		d)  The American congress began issuing(printing) paper money <- Correct answer
		e)  The American congress borrowed the necessary funds from the UK <- war was against UK, no sense
	In the US, during the period 1783-1861, the invention and use of machines was stimulated by a shortage of:
		a)  Labor <- correct answer
		b)  Capital <- machines, land and labor are capital
		c)  Raw materials <- abundant natural resources
		d)  Land <- lots of land
		e)  Trading ships <- many ships
US PRE1914 PART II
Example questions
	1.  As the American Civil War began,  the North had all of the following advantages except:
		a)  A larger population <- It had that
		b)  More railroads <- it had that
		c)  More industrial capacity <- it had that
		d)  Superior military leader <- nope, right answer
		e)  More gold <- it had that
	2.  The economic impact of the American Civil War on the South included all of the following except:
		a)  The South(Southerners) appreciated the help of Northerners to rebuild the region after the war <- not happy, didn't learn in lecture, correct answer
		b) The South was left devastated by the war <- that happened
		c)  The South's factories and farms were left in ruin <- that happened
		d)  The South's railroads and cities were left in ruin <- that happened
		e)  South remained a backward agriculture-based economy  and the poorest region of the US for decades <- that happened, not in lecture
GERMANY	PRE1914
	Example questions
	He/who was the first to introduce social welfare legislation in Germany?
		a) Adolf Hitler- he did in fact introduce, but he was not the first
		b) Napoleon
		c) Leo von Caprivi
		d) Peter the Great
		e) None of these <- Right answer
	What is a Zollverein?
		a) A weak form of government
		b) A country not ruled by a king
		c) The German Customs Union <- Right answer
		d) A country with a president
		e) The power to make economic reforms
RUSSIA PRE1914
Example questions
	1. He introduced the Gold standard in Russia
		a) Sergey Witte(correct answer)
		b) Alexander the second
		c) Vladimir Lennin
		d) Pyoter Stopylin
		e) Leonid Brezhnev
	2. Peter the Great's program of economic modernization included
		a) The abolishing of serfdom
		b) Providing means by which serfs could earn their freedom
		c) Compulsory education of all peasant children
		d) States sponsorship of new industries(correct)
		e) The requirement that all men shave off their beards

UK POST1914
	QUESTIONS
	Total direct cost of WW1 was about:
		a) 100 bln USD
		b) 150 bln USD- INDIRECT COST
		c) 260 bln USD- CORRECT ANSWER
		d) 350 bln USD
		e) 200 bln USD
	In 1920s, Britain companies spent _____ money for scientific research compared to their ____ counterpart
		a) Less, Russian
		b) More, American
		c) Less, Japanese
		d) Less, American - CORRECT
		e) Less, French
US POST1914
	QUESTIONS
	What ended the Great Depression?
		a) WWI - ended before Great Depression, wrong
		b) New Deal - wrong
		c) Government spending - wrong
		d) Cold war - wrong
		e) None of these - correct
	How did the New Deal assist farmers?
		a) By subsidizing them to cut back production - correct
		b) By subsidizing them to increase production - wrong
		c) By subsidizing them to plant more cotton and wheat - wrong
		d) By artificially depressing agricultural prices - wrong
		e) All of the above - wrong
JAPAN - 17TH-20TH CENTURY
	Which is the best explanation for the lost decade in the Japanese economy?
		a) WWI - wrong!
		b) The Great Depression - wrong
		c) Meiji restoration - wrong
		d) US occupation of japan - wrong
		e) Government intervention in the economy - correct
	The wrong of the Japanese economy since WWII has been accomplished despite the fact that Japan has:
		a) Little modern technology - wrong
		b) High unemployment - wrong
		c) Low worker productivity - wrong
		d) Few natural resources - correct
		e) Primitive agriculture - wrong