1. How Well Do You Know Your
American Economics?
Shine on the
SS STAAR!

2. What was the first successful cash crop in the American colonies?#1
What was the first successful cash crop in the American colonies? A:
Wheat B:
cotton C:
corn D:
tobacco

3. D: tobacco

4. made their livings in an industry that#2
Most of the people
in the New England area
made their livings in an industry that
had to do with? A:
Farming B:
Cash crops C:
Shipbuilding D:
Trading with Native Americans

5. C: Shipbuilding

6. Slavery could of died out except for the invention#3
Slavery could of died out except for the invention
Of what? A:
The reaper B:
The cotton gin C:
The train D:
Silos

7. B: The cotton gin

8. Tariffs supported which area in the US?#4
Tariffs supported which area in the US? A:
The South B:
The West C:
The North D:
Areas in the Mexican Cession

9. C: The North

10. What war caused the British to go so far in debt that #5
What war caused the British to go so far in debt that
they began to tax the Americans to help pay. A:
The American Revolution B:
The French and Indian War C:
The War of 1812 D:
The Civil War

11. B: The French and Indian War

12. Why did the plantation system develop in the South #6
Why did the plantation system develop in the South
And not elsewhere in the nation? A:
Religion of colonists B:
Development of the American work ethic C:
Reasons for colonization D:
Governments of South

13. C: Reasons for Colonization – Remember Virginia, the first colony, was developed by a joint stock company in order to make money! People came to the other areas for religious and political reasons

14. #14 The economic principle employed by Great
Britain towards its colonies worldwide including those
In America – that colonies exist to provide raw goods
And to purchase goods from the mother nation. A:
Free enterprise B:
Communism C:
Socialism D:
Mercantilism

15. D: Mercantilism

16. What was one of the factors that brought about #8
What was one of the factors that brought about
major changes in the way goods were made and
Increased urban populations?
Developments in transportation made it easier to travel to the urban areas.
The building of the Cumberland turnpike allowed Westerners access to urban areas. A: B:
The use of interchangeable parts in factories provided jobs for people.
The invention of the cotton gin helped increased the productivity of agricultural products. C: D:

17. C: The use of interchangeable parts in factories provided jobs for people – remember urban means city!

18. #9: The concept that individual people should
possess private ownership of
property and business
Is called? A:
Free enterprise B:
Communism C:
Democracy D:
Mercantilism

19. A: Free Enterprise

20. Which invention helped transport goods and people
#10
Which invention helped transport goods and people
from the east to the west, and north to the south,
and back more efficiently and quickly? A:
Steamboats B:
Cotton gin C:
telegraph D:
Interchangeable parts

21. A: Steamboat

22. The surplus of this invention helped
#11
The surplus of this invention helped
bring the Union to victory against the South
during the Civil War? A:
Colt Revolver B:
Steamboats C:
Textile Mills D:
Train

23. D: Train

24. C: Alexander Hamilton

25. Who developed the first Bank of the United States?
#12
Who developed the first Bank of the United States? A:
Thomas Jefferson B:
James Madison C:
Alexander Hamilton D:
John Jay

26. Who was responsible for closing the Bank of the
#13
Who was responsible for closing the Bank of the
United States once and for all? A:
Andrew Jackson B:
James Monroe C:
Thomas Jefferson D:
John Quincy Adams

27. A: Andrew Jackson

28. Which US President built the Erie Canal?
#14
Which US President built the Erie Canal? A:
James Monroe B:
John Quincy Adams C:
Andrew Jackson D:
William Henry Harrison

29. B: John Quincy Adams

30. What economical reason did the South
#15
What economical reason did the South
have for supporting slavery that the North
did not?
Their economy was based on an industrial system that required a free labor source.
They were lazier people and didn’t want to work. A: B:
Their economy was based on an agricultural system that required a free labor source.
They grew wheat and corn on subsistence farms. C: D:

31. C: Their economy was based on an agricultural system that required a free labor source.

32. So How Did You Do?
KEEP STUDYING
Your Glossaries!