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Which of the following statements accurately characterizes the Homestead Act of 1862?   a.  Southern plantation owners were strongly opposed to the passage of this legislation.   b.  This legislation outlined the legal means by which a territory could become a state.   c.  Only farmers with families could purchase land made available by this legislation.   d.  This legislation made available some of the most fertile farming land in the U.S., yielding great benefits for small farmers.

Modern investment banking houses emerged in the U.S. in the 19th century to assist in financing   a.  railroad construction.   b.  mail-order houses.   c.  large corporations producing iron and steel.   d.  the textile industry.

In the term “Free Banking,” the “free” means   a.  the freedom of any state legislature to charter a bank.   b.  the freedom of banks to mint U.S. coins.   c.  the freedom of anyone to start a bank.   d.  None of the above are correct.

High value-added per employee is associated with   a.  “high-tech,” capital intensive industries.   b.  “low-tech,” labor intensive industries.   c.  the shoe industry in 1860.   d.  the use of unskilled labor.

Advertising to differentiate your product most often occurs in what type of industry?   a.  Industries that produce agricultural crops.   b.  Industries with monopolies.   c.  Industries with monopolistic competition.   d.  Perfectly competitive industries. 

Between 1864 and 1900, the largest portion of railroad track (as a percentage of total annual construction) was laid in which region of the U.S.?   a.  the Southeast   b.  the Northeast   c.  the Pacific Northwest   d.  the Great Plains region

The charter of the Bank of the United States was not renewed in 1811 in part because ​   a.  Thomas Jefferson, who was president at the time, believed it to be unconstitutional.   b.  of years of general instability in the value of currency.   c.  of instability and uncertainty in the expansion of credit.   d.  of fears of foreign ownership and manipulation.

In U.S. v. Addyston Pipe and Steel Company (1898), the Supreme Court ruled that   a.  horizontal mergers were a violation of the Sherman Act.   b.  vertical mergers were a violation of the Sherman Act.   c.  collusive agreements among competing firms were a violation of the Sherman Act.   d.  mergers that created “corporate monoliths” were a violation of the Sherman Act.

The considerable rise of manufacturing in the last half of the 19th century has become known as   a.  the Great Leap Forward.   b.  the Industrial Revolution.   c.  the Second Industrial Revolution.   d.  the Ascendancy of Manufactures.

The sharp decline in domestic freight costs during the antebellum period was primarily due to the introduction of   a.  railroads.   b.  paved roads.   c.  clipper ships.   d.  canals and steamboats.