Question 1

Compare and contrast the different ways in which colonists could acquire land for investment,production or distribution.Explain why solid land tenure systems were important to colonists interested in helping the colonies grow and develop.

Accepted Answer

Colonists had a few different options fo...

Question 2

Explain why the settlers of Plymouth requested that they be granted the right to work for themselves and pay taxes based on the value of that work.Specifically,comment on why the communal system did not provide incentives for all individuals to be productive,for some individuals to shirk their communal responsibilities and others to renege on agreements to work.

Accepted Answer

The settlers of Plymouth requested the r...

Question 3

American economic history actually is a study of

Accepted Answer

A)   stable population growth.
B)   how colonial Americans worked side-by-side with the natives to produce stable economic growth and wealth for all individuals.
C)   how a small, inconsequential economy grew into a giant economy  through a series of successes and failures.
D)   how people in other countries created problems for colonial Americans of the past as well as U.S. citizens of today.E) B) and D)
F) B) and C)

Question 4

Compare and contrast agricultural behavior among the mass population under the systems of feudalism and secured,enforced private property rights.Identify the differences in the incentives?to be productive,invest,save and advance technologically.

Accepted Answer

Under the system of feudalism, agricultu...

Question 5

Both indentured servants and slaves had rights in courts of law.

Accepted Answer

A) True 
 B)False

Question 6

Public funding is not a part of colonial history.

Accepted Answer

A) True 
 B)False

Question 7

Taxes impose a cost on letting land remain idle.

Accepted Answer

A) True 
 B)False  True

Question 8

A bill of exchange necessitated the use of coin and bullion and thus restricted the growth of commercial trade.

Accepted Answer

A) True 
 B)False  False

Question 9

Explain the similarities and differences between the attitudes,goals and constraints of the English investors in colonial America and those held by U.S.investors today.

Accepted Answer

The attitudes, goals, and constraints of...

Question 10

Many individuals came to colonial America with farming skills and knowledge acquired in their home countries.Explain why these skills and knowledge were not perfectly transferable and discuss the importance of learning-by-doing.

Accepted Answer

Many individuals came to colonial Americ...

Question 11

Mercantilism followed feudalism. Unlike feudalism, mercantilism did not support any form of a strong central government or system of nation states.

Accepted Answer

A) True 
 B)False

Question 12

Describe the American system of private property rights and how they evolved from their English origins.Discuss the relationship between the importance of this evolution and decisions to be productive in the long and short run.

Accepted Answer

The American system of private property ...

Question 13

In 1607 the London Company invested in the settlement of Jamestown.Why did the London Company make this investment? Why did settlers accept this investment? 
Who was the deficit spending group? 
The surplus spending group Why was this relationship between the two groups economically important and mutually advantageous?

Accepted Answer

The London Company made the investment i...

Question 14

According to the quantity theory of money,an increase in the stock of precious metals or bills of exchange usually results in increased trade and rising prices.Both economic events helped merchant capitalists and the king.

Accepted Answer

A) True 
 B)False

Question 15

The British Crown was the only political, social, cultural and economic influence on the colonization of North America.

Accepted Answer

A) True 
 B)False

Question 16

Compared to the natives of Northern America,ownership of private property rights was

Accepted Answer

A)   more common to the Europeans than it was to the natives
B)   more common to the Indians than to the Europeans.
C)   the same.
D)   of no value to either group.E) A) and D)
F) B) and D)

Question 17

Prior to and during the period of American colonization,the following occurred in Europe:

Accepted Answer

A)   Feudal rulers found it easy to force peasants and urban producers to work for them as long-distance trade expanded, the costs of warfare increased, and the land/labor ratio increased as consequence of the bubonic plague.
B)   Feudal lords shared profits from output with the peasantry and pumped them into investment expenditures, which accelerated agricultural growth.
C)   Conflict among lords and peasants led to many peasant and urban revolts, diverting resources away from production and investment.
D)   Financial stability enabled the nobility of Europe to foster growth among feudal lands and increase the riches of both rulers and peasants, producing a period of high ?economic growth.E) B) and C)
F) C) and D) C

Question 18

Land ownership or land tenure in colonial America was primarily acquired by settlers through

Accepted Answer

A)   purchase and the legal transfer of deeds from Native Americans.
B)   the King granting property to favored individuals in feudal-like fashions.
C)   "squatting" or freely settling and cultivating the land to gain private ownership over land.
D)   purchase or otherwise legal transfer of deeds from colonial officials who received their rights to the land from the king of England.E) B) and C)
F) A) and D)

Question 19

Identify which of the following motivated European expansion in America.

Accepted Answer

A)   International trade and finance opportunities
B)   Precious metals such as gold and silver
C)   The hope of finding a northwest passage to the Orient
D)   All of the aboveE) A) and B)
F) A) and C)

Question 20

European agricultural practices perfectly served the colonists farming in the New World.

Accepted Answer

A) True 
 B)False

Exam 1: Overseas Empire

Compare and contrast the different ways in which colonists could acquire land for investment,production or distribution.Explain why solid land tenure systems were important to colonists interested in helping the colonies grow and develop.

Correct Answer
Answered by ExamLex AI
Colonists had a few different options fo...
View Answer

Correct Answer
Answered by ExamLex AI
The settlers of Plymouth requested the r...
View Answer

American economic history actually is a study of

Correct Answer
verified

Compare and contrast agricultural behavior among the mass population under the systems of feudalism and secured,enforced private property rights.Identify the differences in the incentives?to be productive,invest,save and advance technologically.

Correct Answer
Answered by ExamLex AI
Under the system of feudalism, agricultu...
View Answer

Both indentured servants and slaves had rights in courts of law.

Correct Answer
verified

Public funding is not a part of colonial history.

Correct Answer
verified

Taxes impose a cost on letting land remain idle.

Correct Answer
verified
True

A bill of exchange necessitated the use of coin and bullion and thus restricted the growth of commercial trade.

Correct Answer
verified
False

Explain the similarities and differences between the attitudes,goals and constraints of the English investors in colonial America and those held by U.S.investors today.

Correct Answer
Answered by ExamLex AI
The attitudes, goals, and constraints of...
View Answer

Many individuals came to colonial America with farming skills and knowledge acquired in their home countries.Explain why these skills and knowledge were not perfectly transferable and discuss the importance of learning-by-doing.

Correct Answer
Answered by ExamLex AI
Many individuals came to colonial Americ...
View Answer

Mercantilism followed feudalism. Unlike feudalism, mercantilism did not support any form of a strong central government or system of nation states.

Correct Answer
verified

Describe the American system of private property rights and how they evolved from their English origins.Discuss the relationship between the importance of this evolution and decisions to be productive in the long and short run.

Correct Answer
Answered by ExamLex AI
The American system of private property ...
View Answer

Correct Answer
Answered by ExamLex AI
The London Company made the investment i...
View Answer

According to the quantity theory of money,an increase in the stock of precious metals or bills of exchange usually results in increased trade and rising prices.Both economic events helped merchant capitalists and the king.

Correct Answer
verified

The British Crown was the only political, social, cultural and economic influence on the colonization of North America.

Correct Answer
verified

Compared to the natives of Northern America,ownership of private property rights was

Correct Answer
verified

Prior to and during the period of American colonization,the following occurred in Europe:

Correct Answer
verified
C

Land ownership or land tenure in colonial America was primarily acquired by settlers through

Correct Answer
verified

Identify which of the following motivated European expansion in America.

Correct Answer
Answered by ExamLex AI

European agricultural practices perfectly served the colonists farming in the New World.

Correct Answer
verified

Exam 1: Overseas Empire

Compare and contrast the different ways in which colonists could acquire land for investment,production or distribution.Explain why solid land tenure systems were important to colonists interested in helping the colonies grow and develop.

Correct AnswerAnswered by ExamLex AIColonists had a few different options fo...View AnswerShow Answer

Correct AnswerAnswered by ExamLex AIThe settlers of Plymouth requested the r...View AnswerShow Answer

American economic history actually is a study of

Correct AnswerverifiedShow Answer

Compare and contrast agricultural behavior among the mass population under the systems of feudalism and secured,enforced private property rights.Identify the differences in the incentives?to be productive,invest,save and advance technologically.

Correct AnswerAnswered by ExamLex AIUnder the system of feudalism, agricultu...View AnswerShow Answer

Both indentured servants and slaves had rights in courts of law.

Correct AnswerverifiedShow Answer

Public funding is not a part of colonial history.

Correct AnswerverifiedShow Answer

Taxes impose a cost on letting land remain idle.

Correct AnswerverifiedTrue

A bill of exchange necessitated the use of coin and bullion and thus restricted the growth of commercial trade.

Correct AnswerverifiedFalse

Explain the similarities and differences between the attitudes,goals and constraints of the English investors in colonial America and those held by U.S.investors today.

Correct AnswerAnswered by ExamLex AIThe attitudes, goals, and constraints of...View AnswerShow Answer

Many individuals came to colonial America with farming skills and knowledge acquired in their home countries.Explain why these skills and knowledge were not perfectly transferable and discuss the importance of learning-by-doing.

Correct AnswerAnswered by ExamLex AIMany individuals came to colonial Americ...View AnswerShow Answer

Mercantilism followed feudalism. Unlike feudalism, mercantilism did not support any form of a strong central government or system of nation states.

Correct AnswerverifiedShow Answer

Describe the American system of private property rights and how they evolved from their English origins.Discuss the relationship between the importance of this evolution and decisions to be productive in the long and short run.

Correct AnswerAnswered by ExamLex AIThe American system of private property ...View AnswerShow Answer

Correct AnswerAnswered by ExamLex AIThe London Company made the investment i...View AnswerShow Answer

According to the quantity theory of money,an increase in the stock of precious metals or bills of exchange usually results in increased trade and rising prices.Both economic events helped merchant capitalists and the king.

Correct AnswerverifiedShow Answer

The British Crown was the only political, social, cultural and economic influence on the colonization of North America.

Correct AnswerverifiedShow Answer

Compared to the natives of Northern America,ownership of private property rights was

Correct AnswerverifiedShow Answer

Prior to and during the period of American colonization,the following occurred in Europe:

Correct AnswerverifiedC

Land ownership or land tenure in colonial America was primarily acquired by settlers through

Correct AnswerverifiedShow Answer

Identify which of the following motivated European expansion in America.

Correct AnswerAnswered by ExamLex AIShow Answer

European agricultural practices perfectly served the colonists farming in the New World.

Correct AnswerverifiedShow Answer

Correct Answer
Answered by ExamLex AI
Colonists had a few different options fo...
View Answer

Correct Answer
Answered by ExamLex AI
The settlers of Plymouth requested the r...
View Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Under the system of feudalism, agricultu...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified
False

Correct Answer
Answered by ExamLex AI
The attitudes, goals, and constraints of...
View Answer

Correct Answer
Answered by ExamLex AI
Many individuals came to colonial Americ...
View Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The American system of private property ...
View Answer

Correct Answer
Answered by ExamLex AI
The London Company made the investment i...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
C

Correct Answer
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Correct Answer
Answered by ExamLex AI

Correct Answer
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