Question 1

"External economies" derive from all of the following except

Accepted Answer

A)   the joint use of transportation facilities.
B)   labor force concentrations in urban areas.
C)   social overhead facilities such as police and fire protection.
D)   economies of management associated with large firms.

Question 2

The turnpikes built in the early 1800s were

Accepted Answer

A)   intercity toll roads.
B)   highly profitable enterprises.
C)   financed entirely by private enterprise.
D)   regulated by the federal government.

Question 3

Railroads had advantages over canals in all respects except

Accepted Answer

A)   year-around service.
B)   speed of delivery.
C)   full access to shipping points.
D)   there is no "except"; all of the above were advantages of railroads.

Question 4

Robert Fogel (1964) demonstrates that

Accepted Answer

A)   the social saving of the railroad was large; much of the country (over 25%)  could not have ?been settled and cultivated without the railroad.
B)   the canal and river systems of transportation could very nearly have produced the same ?results as the railroad in terms of land cultivated.
C)   the railroad was responsible for a great "take-off" in terms of economic growth in the ?19th century.
D)   the railroad gave a huge boost to the iron industry because for a time it consumed well ?over 50% of all iron produced.

Question 5

Roads during the 1800s proved to be a preferred transportation alternative to railroads and thus competed successfully for profits.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is supported by the research of economic historians?

Accepted Answer

A)   Canals and railroads were built with a mixture of private and public enterprise and ?financing.
B)   Canals and railroads were built largely without U.S. government participation.
C)   Canals were built with public assistance, but railroads were built with almost no ?government assistance.
D)   Railroads were built with public assistance, but canals were built by private enterprise.

Question 7

Which of the following is not a valid criticism of Fogel's (1964) methodology in his study of railroads?

Accepted Answer

A)   The canal prices used for 1890 were low.
B)   The impact of railroads on financial markets is ignored.
C)   The nonpecuniary gains from using railroads could have been considered.
D)   The amount of land cultivated would have been reduced.

Question 8

How was the development of the canal and railroad systems in the U.S.funded? Discuss the economic pros and cons of these funding resources.

Accepted Answer

The development of the canal and railroa...

Question 9

According to Fishlow's (1972)work,the U.S.railroads before the Civil War were typically built "ahead of demand" by private capital.

Accepted Answer

A) True 
 B)False

Question 10

Discuss the changes in the distribution system (how goods get from the locus of production to the locus of consumption)of the antebellum American economy.

Accepted Answer

During the antebellum period in America,...

Question 11

The Gallatin Plan (1808) to provide internal land and water transport in the eastern part of the ?country was a plan that

Accepted Answer

A)   called for the federal government to finance and build the transport system.
B)   called for the eastern states to join together to finance and build the system.
C)   called for private financing and building with some federal government assistance?in coordinating and planning the transport system.
D)   relied primarily on city and county governments to provide the bulk of the financing and ?building of the transport system.

Exam 8: Transportation, Internal Improvements, and Urbanization

Railroads had advantages over canals in all respects except

Correct Answer
verified

According to Fishlow's (1972)work,the U.S.railroads before the Civil War were typically built "ahead of demand" by private capital.

Correct Answer
verified

Which of the following is not a valid criticism of Fogel's (1964) methodology in his study of railroads?

Correct Answer
verified

Which of the following statements is supported by the research of economic historians?

Correct Answer
verified

Robert Fogel (1964) demonstrates that

Correct Answer
verified

The turnpikes built in the early 1800s were

Correct Answer
verified

Roads during the 1800s proved to be a preferred transportation alternative to railroads and thus competed successfully for profits.

Correct Answer
verified

How was the development of the canal and railroad systems in the U.S.funded? Discuss the economic pros and cons of these funding resources.

Correct Answer
Answered by ExamLex AI
The development of the canal and railroa...
View Answer

Discuss the changes in the distribution system (how goods get from the locus of production to the locus of consumption)of the antebellum American economy.

Correct Answer
Answered by ExamLex AI
During the antebellum period in America,...
View Answer

"External economies" derive from all of the following except

Correct Answer
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The Gallatin Plan (1808) to provide internal land and water transport in the eastern part of the ?country was a plan that

Correct Answer
verified

Exam 8: Transportation, Internal Improvements, and Urbanization

Railroads had advantages over canals in all respects except

Correct AnswerverifiedShow Answer

According to Fishlow's (1972)work,the U.S.railroads before the Civil War were typically built "ahead of demand" by private capital.

Correct AnswerverifiedShow Answer

Which of the following is not a valid criticism of Fogel's (1964) methodology in his study of railroads?

Correct AnswerverifiedShow Answer

Which of the following statements is supported by the research of economic historians?

Correct AnswerverifiedShow Answer

Robert Fogel (1964) demonstrates that

Correct AnswerverifiedShow Answer

The turnpikes built in the early 1800s were

Correct AnswerverifiedShow Answer

Roads during the 1800s proved to be a preferred transportation alternative to railroads and thus competed successfully for profits.

Correct AnswerverifiedShow Answer

How was the development of the canal and railroad systems in the U.S.funded? Discuss the economic pros and cons of these funding resources.

Correct AnswerAnswered by ExamLex AIThe development of the canal and railroa...View AnswerShow Answer

Discuss the changes in the distribution system (how goods get from the locus of production to the locus of consumption)of the antebellum American economy.

Correct AnswerAnswered by ExamLex AIDuring the antebellum period in America,...View AnswerShow Answer

"External economies" derive from all of the following except

Correct AnswerverifiedShow Answer

The Gallatin Plan (1808) to provide internal land and water transport in the eastern part of the ?country was a plan that

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The development of the canal and railroa...
View Answer

Correct Answer
Answered by ExamLex AI
During the antebellum period in America,...
View Answer

Correct Answer
verified

Correct Answer
verified