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Economic History
text: What are Cliometrics, and why are they helpful in studying the history of economics?, correct: Math-based study of economic history, incorrect: A study of economics around the time of Cleopatra,A modern term for economics,The study of economic history in Europe, fun fact: The term Cliometrics derives from the female from Greek mythology called Clio. According to legends, Clio was the muse of history.,text: What created the foundation for America's economy in the early 1700s?, correct: The Colonies, incorrect: Tobacco Trade,Textile Trade,Cattle Trade, fun fact: In the early 1700s, certain parts of America was the wealthiest economy in the world. This was due to many factors, but farming and shipbuilding were abundant around that time.,text: What company played a huge role in boosting the economy of Britain, Asia, and Europe in the 1600s when textiles (silk and cotton) became popular?, correct: East India Company, incorrect: Company Trading House of India,Textile Traders of India,Textile Pirate Fleet, fun fact: During the first industrial revolution in the 1700s, technology, and innovative new energy sources were key factors. But textiles like cotton and silk increased the economy more than anything.,text: In what year was the last feudal regime brought to an end?, correct: 2008, incorrect: 1993,1894,1988, fun fact: The 'feudal system' (Feudalism) is a cultural, political, and economic way of running a country based on land ownership, class, and loyalty. ,text: Which famous economist and philosopher from history inspired the term Marxian Economics?, correct: Karl Marx, incorrect: Harpo Marx,Chico Marx,Zeppo Marx, fun fact: Marxism is a theory based on the principle that the divide between the capitalists and the working class will always lead to conflict and revolution.,text: What financial crisis led to the 'Panic of 1837' in the United States?, correct: European bankers being too liberal with loans., incorrect: A major shortage in grain for making baked goods,There was no president to run the country,Technology was taking away jobs from the workers, fun fact: By 1843 the US was recovering, and they had sights on a territory that would rescue their economy. California and Texas would be prevalent in making the US wealthy again.,text: What caused the French Revolution of 1789?, correct: All of the above, incorrect: Inequality,Monarchy extravagance,Poor weather conditions, fun fact: The Storming of the Bastille took place on the 14th of July, 1789. This led to a major change in the political assembly of Paris, France, at that time and was only the beginning of a 10-year revolution.,text: Who invented steam power in the 1700s, creating a new power source for machinery and engines? , correct: James Watt, incorrect: Alexander Graham Bell,Jean-Pierre Blanchard,Alfred Nobel, fun fact: The same inventor also designed the concept of horsepower. He discovered a way to make steam power more efficient without the cooling and reheating process.,text: Approximately in what year did the first industrial revolution begin?, correct: 1765, incorrect: 1759,1770,1790, fun fact: The first industrial revolution boosted the economy, increased work productivity, and improved living standards due to technological innovations.,text: What nationality was the famous philosopher and economist Adam Smith?, correct: Scottish, incorrect: Irish,Welsh,American, fun fact: Adam Smith was known as the 'Father of Economics' and wrote one of the most influential books in history, 'An Inquiry into the Nature and Causes of Wealth of Nations.'
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Economic History
What are Cliometrics, and why are they helpful in studying the history of economics?
A modern term for economics
The study of economic history in Europe
Math-based study of economic history
A study of economics around the time of Cleopatra
