Author Question: Stanley Engerman's (1971) work on the economic impact of the Civil War (18611865) refuted a view ... (Read 67 times)

skymedlock · **on:** Jun 30, 2018

Stanley Engerman's (1971) work on the economic impact of the Civil War (18611865) refuted a view sometimes called the Beard-Hacker thesis. This thesis holds that

(a) the Civil War (18611865) held back the ongoing processes of industrialization.
(b) the Civil War (18611865) accelerated the ongoing processes of industrialization.
(c) the Civil War (18611865)'s demands for manufactured goods increased American long-term dependency on foreign trade.
(d) the Civil War (18611865) was more disruptive of the westward movement than it was of ongoing processes of industrialization.

Question 2

Which of the following variables will shift the classical aggregate demand curve?

a. An increase in government spending
b. A decrease in taxes
c. An increase in autonomous investment expenditures
d. An increase in the money stock
e. All of the above