26

The English companies that settled New England and Virginia made considerable profits off of these early ventures.

Group of answer choices

True

False

27

Whaling and privateering were models of industries following a venture capitalist mode of organization.

Group of answer choices

True

False

28

The early British North American colonies ran a trade surplus with England.

Group of answer choices

True

False

29

The shipbuilding industry became a manufacturing industry that the North American colonies had a comparative advantage in despite the relatively high cost of labor in the colonies.

Group of answer choices

True

False

30

Economists have characterized indentured servitude as a horribly unjust and exploitive institution.

Group of answer choices

True

False

31

Improvements in the economic efficiency of colonial shipping came largely from faster ships.

Group of answer choices

True

False

32

The introduction of a new tobacco seed type improved the productivity of factors deployed in the tobacco industry. This innovation accompanied by learning by doing led to gradual improvements in the productivity of the tobacco industry.

Group of answer choices

True

False

33

Technology was not a strong factor behind productivity increases during the colonial era.

Group of answer choices

True

False

34

In comparison to the New England and Middle colonies, the Southern colonies had the most equal distribution of wealth during the colonial era.

Group of answer choices

True

False

35

Inequalities in wealth narrowed between the time of the Revolution and 1860.

Group of answer choices

True

False

36

In the aftermath of the American Revolution, the economy of the new republic was damaged by being placed outside the British empire.

Group of answer choices

True

False

37

The miles of railroad in operation from 1850 to 1860 more than tripled.

Group of answer choices

True

False

38

Substantial wage gaps existed between England and the United States during the Antebellum period.

Group of answer choices

True

False

39

The South generally opposed infrastructure projects helping settlements in the non-slave West.

Group of answer choices

True

False

40

Douglas North argued that economic growth in the Antebellum period was initially driven by Southern exports of cotton to England, but the development of comparative advantages in the West, South, and Northeast eventually became the engines of American economic growth.

Group of answer choices

True

False