WALTON/ROCKOFF, Chapter 10
1. What were the main factors that led to the decline of household and small artisan production?

2. Describe the beginnings of the industrial revolution in the US cotton industry.

3. Describe the beginnings of the industrial revolution in the US iron industry.

4. What were the main factors that led to the rise of the corporate form of business organization?

5. What were the top 10 manufacturing industries in 1860:
a. ranked by number of employees.
b. ranked by value added.

6. What were the important prerequisites of factory production?

7. In the section “Factor Proportions and ... Adapting Technology”, what is the explanation
of the faster pace of technological change in the US compared to England?

8. Summarize the changes in tariffs from 1800 to 1860.

9. Economic Insight 10.1: Use a supply and demand graph to explain the effect of the tariff on imported textiles on US consumers (especially in the South) and on US producers (almost all in the Northeast).
Were tariffs necessary for the development of the US textile industry during this period?

ATACK/PASSELL, Chapter 7

1. Descrive the beginnings of the industrial revolution in the
New England cotton industry.

2. What were the soureces of productivity growth in the cotton industry?

3. What were the main causes of the rapid increase of cotton output
during this period?

4. What was the main cause of the delay in the implementation of new
technology in the production of iron during this period?

5. How did the changing organization of work contribute to increased
labor productivity in US industries?

6. What factors affected the choice between water power and steam
engines?

7. What is the conventional argument for the superiority of American
over English technology in many industries?

8. What is the critique of this conventional argument?
What is the alternative analysis of this superiority?

9. Summarize the data presented on the profitability of 19th century
manufacturing.