(05.07 MC) Which of the following policies would most likely lead to economic growth?

(02.01 MC)This question refers to the following excerpt.”French pirates or corsairs, a nuisance in times of peace, had become a menace to Spanish shipping and to the Spanish economy as relations between France and Spain deteriorated in the 1550s. In 1556–60, the Crown’s revenue from the New World fell to half of its levels in the previous years, with much of the treasure stolen by French corsairs who preyed on Spanish vessels along the sea lanes that connected Spain and the Caribbean. For Spain’s homeward-bound mariners, one of those sea lanes lay along the Atlantic Coast of North America…A Spanish base on the Florida coast, then, would help protect the homebound silver fleets.”Source: David J. Weber, historian, The Spanish Frontier in North America, 1992The issue described in the excerpt led to which of the following events?

(05.06 LC) Which of the following will impede economic growth of a country?

(05.04, 05.05 MC)Question refers to the excerpts below.”That on the first day of January, in the year of our Lord one thousand eight hundred and sixty-three, all persons held as slaves within any State or designated part of a State, the people whereof shall then be in rebellion against the United States, shall be then, thenceforward, and forever free.”Source: The Emancipation Proclamation, 1863″Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.”Source: 13th Amendment to the United States Constitution, 1865What role did these documents play in the Civil War?

(05.02 MC) According to the Phillips curve model, if the actual inflation rate exceeds the expected inflation rate, which of the following statements is true?

(05.06 MC) The following table shows the values of Real GDP and population for two consecutive years of Country Z:   Real GDP (million) Population (million) Year 1 $200 50 Year 2 $300 60 Calculate the growth rate of real GDP per capita of Country Z.

(02.02 LC)Which of the following is a true statement about the economy of the British colonies?

(01.03 MC)Question refers to the excerpt below.”All this is related by Americo, who adds that they returned to Spain and arrived at Cadiz with 222 Indian captives, where they were, according to him, very joyfully received, and where they sold all the slaves. Who will now ask whence they stole and carried off the 200 natives? This, as other things, is passed over in silence by Americo. It should be noted here by readers who know something of what belongs to right and natural justice, that although these natives are without faith, yet those with whom Americo went had neither just cause nor right to make war on the natives of those islands and to carry them off as slaves, without having received any injury from them, nor the slightest offence. Moreover, they were ignorant whether the accusations of those of the mainland against the islanders were just or unjust. What report, or what love would be spread about and sown among the natives, touching those Christians, when they left them wounded and desolate?”Source: The Letters of Amerigo Vespucci and Other Documents Illustrative of His Career, c.1500In what way does the excerpt predict the development of the encomienda system in New Spain?

(04.01 MC)Question refers to the excerpt below.”In a free government the security for civil rights must be the same as that for religious rights. It consists in the one case in the multiplicity of interests, and in the other in the multiplicity of sects. The degree of security in both cases will depend on the number of interests and sects; and this may be presumed to depend on the extent of country and number of people comprehended under the same government. This view of the subject must particularly recommend a proper federal system to all the sincere and considerate friends of republican government, since it shows that in exact proportion as the territory of the Union may be formed into more circumscribed Confederacies, or States oppressive combinations of a majority will be facilitated: the best security, under the republican forms, for the rights of every class of citizens, will be diminished: and consequently the stability and independence of some member of the government, the only other security, must be proportionately increased. Justice is the end of government. It is the end of civil society. It ever has been and ever will be pursued until it be obtained, or until liberty be lost in the pursuit.”Source: James Madison, from The Federalist No. 51, 1788Madison’s analysis is most apparent in the early 1800s’ development of

(04.03 MC)Question refers to the excerpt below.”Cotton is the fabric of civilization. It has built up peoples, and has riven them apart. It has brought to the world vast and permanent wealth. It has enlisted the vision of statesmen, the genius of inventors, the courage of pioneers, the forcefulness of manufacturers, the initiative of merchants and shipbuilders, and the patient toil of many millions. A whole library could be written on the economic aspects of cotton alone. It could be told in detail, how and why the domination of the field of its manufacture passed from India to Spain, to Holland, and finally to England, which now shares it chiefly with the United States. The interdependence of nations which it has brought about has been the subject of numerous books and articles. Nor is the history of the inventions which have made possible today’s great production of cotton fabrics less impressive. From the unnamed Hindu genius of pre-Alexandrian days, through Arkwright and Eli Whitney, down to Jacquard and Northrop, the tale of cotton manufacture is a series of romances and tragedies, any one of which would be a story worth telling in detail. Yet, here is a work that is by no means finished. Great inventors who will apply their genius to the improvement of cotton growing and manufacture are still to be born.”Source: The Fabric of Civilization, 1919The role of cotton as the “fabric of civilization” was evident in which of the following in the early 1800s?