HIUS 360 Quiz Essentials

HIUS 360 Quiz The Essentials of Entrepreneurship

Covers the Learn material from Module 2: Week 2.

1. Which level of government did political entrepreneurs insist on subsidizing, supporting, and encouraging different types of economic operations?
2. True or False: Through cutting costs and outproducing his competition, Andrew Carnegie performed and extraordinary public service as he forced prices for steel downward until it became a basic metal.
3. Which term describes those advocating for politically controlled markets?
4. True of False: The Hamiltonian tradition was a socialist movement that advocated against all the benefits of free markets and a capitalistic economic system.
5. True or False: According to more recent economic research conducted by Jeremy Atack and Peter Passell, the U.S. economy grew more slowly in the decade after the Civil War than in the decade before it; the manufacturing sector especially slowed down, falling by 1.8 percent per year. In addition, during the 1860s commodity output fell by 2.6 percent.
6. True or False: Men like Andrew Carnegie who sold his steel company and became the richest man in the world, were derogatorily referred to as “robber barons” as some claimed they took business profits while seldom giving back to charities and other philanthropic organizations
7. True of False: The Jeffersonian tradition advocated that politicians must be empowered to make choices for the American economy.
8. The Beard-Hacker thesis held that after the Civil War, the shift of political power to Northern business interests from the Southern “slavocracy” resulted in which of the following:
9. True or False: Long before government regulation, Andre Carnegie reduced the twelve hour worked day to eight hours, reasoning that the most expensive labor in a free market was also the most valuable due to its productivity.
10. Which of the following views primarily favored economic entrepreneurship?
11. Essentially, United States economic history is a clash between __________ and

Set 2

1. During the 1850s, states amended their constitutions to outlaw political entrepreneurship, resulting in which of the following?
2. Which of the following was a dramatic consequence of Lincoln’s Emancipation Proclamation:
3. True of False: The Hamiltonian tradition was a socialist movement that advocated against all the benefits of free markets and a capitalistic economic system.
4. Beginning in the 1790’s, there are two distinct traditions toward American markets: one, the ________________ tradition led by members of the Jeffersonian-Republican Party; the other, the __________________ tradition led by the Federalist Party and subsequently the Whig Party.
5. True or False: According to historian Burt Folsom, there is a difference in American history between those who advocate free markets or economic entrepreneurship, and those who advocate for politically controlled markets or political entrepreneurship.
6. True or False: Through cutting costs and outproducing his competition, Andrew Carnegie performed and extraordinary public service as he forced prices for steel downward until it became a basic metal.
7. True or False: The surprising fact of the Civil War was not that the Union did not use statist policies to direct the business community as a whole, but that the Confederacy did.
8. Which of the following was nota result of the de-politicization of the American economy during the 1850s?
9. During the late 1800s high-volume production machinery permitted managerial change in the area of continuous process technology. James B. Duke’s ____________________ illustrates not only the rapidity of change, but the scope of dominance one company could have.
10. Tariffs are taxes on _________.
11. In the 1830s and 1840s, the economic trend switched from   _________ to ____________.