Home / Social Studies / Printables / Grade 3 to Grade 5 / Supply and Demand in American History Supply and Demand in American History is a free printable Grade 3 to Grade 5 social studies worksheet on supply and demand in American history, aligned to C3 Framework indicator D2.Eco.7.3-5. It prints 8 questions with an answer key on its own sheet of paper, in 25 versions that each ask different questions, so no two students in the class work from the same page. Print it from the browser or download it as a PDF — no account, no email.
Set 21 of 25 · the same problems every time you open this link.
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Supply and Demand in American History D2.Eco.7.3-5
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Circle the best answer.
1. When the Union navy blockaded Southern ports in the Civil War, what happened to prices in the South?
A. They fell, because there were extra goods B. They stayed the same C. They rose, because goods were scarce 2. Cotton planters earned large profits in the 1850s. Who did the work that produced those profits?
A. Paid factory workers in the North B. The planters themselves, alone C. Enslaved people, who were never paid 3. After the cotton gin made cleaning cotton faster, what happened to Southern planters' demand for land and enslaved labor?
A. It stayed exactly the same B. It fell to almost nothing C. It rose as planters grew more cotton 4. New England merchants built many ships in the 1700s. Why was shipbuilding profitable there?
A. The king paid for every ship B. Ships were not needed for trade C. Trade was growing and forests supplied cheap timber 5. After kerosene from oil became cheap in the 1860s, what happened to the demand for whale oil?
A. It rose, and whaling grew B. It stayed exactly the same C. It fell, and the whaling industry shrank 6. In colonial towns a blacksmith set his own prices and kept his profits. What is this system called?
A. A royal monopoly B. Rationing C. Free enterprise 7. Why did merchants such as Levi Strauss open stores in San Francisco during the Gold Rush?
A. To dig for gold themselves B. To sell goods to miners and earn a profit C. Because the government ordered them to 8. When Henry Ford's assembly line made cars cheaper, what happened to the number of people buying cars?
A. It grew B. It stayed the same C. It fell to zero LessonPrint · D2.Eco.7.3-5 · Set 21 · free to copy for classroom use
Answer key — Supply and Demand in American History Set 21. Prints on its own sheet.
1. They rose, because goods were scarce 2. Enslaved people, who were never paid 3. It rose as planters grew more cotton 4. Trade was growing and forests supplied cheap timber 5. It fell, and the whaling industry shrank 6. Free enterprise 7. To sell goods to miners and earn a profit 8. It grew Last reviewed 2026-09-05. Aligned to D2.Eco.7.3-5 of the C3 Framework for Social Studies State Standards.