ECON 4140 Study Guide - Final Guide: Walt Whitman Rostow, Sherman Antitrust Act, Debt Bondage
5 Oct 2018
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This exam will have 5-10 point questions on it from the questions below. What evidence is there against this? (3 points) Quantify the differences in output increases in the north vs. the south, 1860-1880 (2 points). Was the increase land-intensive or land-extensive and what was the impact of the homestead act of 1862? (4 points) discuss and quantify the increases in labor productivity. (4 points) Explain the major grievances of the late 19th century farmers engaged in the protest movement. (4 points) discuss the economic evidence against their complaints. (3 points) if their situation had not actually deteriorated, then why the agitation? (3 points) Describe the use of federal land grants to subsidize railroad construction. (4 points) what is the economic justification for these subsidies? (3 points) In the 1940s and 1950s, w. w. rostow argued that railroads had been the. Leading sector in the american economy in the 19th century, and that it had significant backward and forward linkages.
