Test 1 COPY Flashcards
Per capita GDP in the US during the 20th century ___.
was cyclical, but generally trending upward throughout the century.
Which is true about present day Americans who are at the official poverty level?
Their incomes are higher than all but the richest Americans in 1900.
Which is true about present day Americans who are at the official poverty level?
Their incomes are above the world average per capita income.
Which of the following is most accurate about ownership of household goods, such as flush toilets, refrigerators, televisions, clothes dryers and automobiles?
Americans at the poverty level in 2005 own these goods at higher rates than average households in 1950.
_________ established the first American colonies in the early 1500s.
Spain
Which nation made the greatest commitment to establish permanent settlements in its colonization strategy?
England
Which English colony was the first permanent settlement in the New World?
Jamestown.
Of the 6,000 settlers who migrated to Virginia since the founding of the first permanent settlement in 1607, nearly ______ had died by 1623.
4,000
In the early colonies, private landholdings
gradually replaced common ownership.
After reading Governor Bradford’s account, which is the most accurate statement, given his experience?
That assigning private plots of land “made all hands very industrious.”
In colonial America, _______ was/were especially scarce, while the supply of _______ was plentiful.
capital and labor; land
At the end of the 18th century, approximately _______ percent of the American people earned a major portion of their income by farming.
90
Agricultural staples of the colonial South included
-rice, tobacco and indigo.
Colonial production of tobacco satisfied England’s mercantilist interests because
it provided a substitute for imported Spanish tobacco.
The only mineral that was available in any significant quantity in colonial America was:
Iron.
The primary reason for the success of the colonial shipbuilding industry was
the close proximity of raw materials, especially lumber.
Which of the following most accurately describes what the text says about mercantilists?
They confused gold and silver with true wealth.
Under the British Navigation Acts, enumerated goods were a list of colonial ______.
exports that had to be shipped through British middlemen.
In terms of exports from the colonies, ______ and _____ were the top two trading partners.
the West Indies; the United Kingdom
Types of money used by colonists included all of the following except
government-issed fiat currency
A notable and unique feature of the colonial monetary system was
the use of a widely accepted paper currency.
Capital formation in the colonies was mostly due to
savings and investments from the colonist themselves
According to the text, in the century prior to the Revolution _____ were a “strategic factor in the overall economic advance of the colonies.”
advances in shipping
Low-cost fly boats offered an attractive alternative to heavier , more costly ships; however; their use was limited in many areas due to
privateering and piracy
The proliferation of the horse in the 17th century caused Great Plains Indians to
use smaller and more independent hunting groups
