HIUS 360 Quiz Essentials

HIUS 360 Quiz: The Essentials of Entrepreneurship

  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 ____________.
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