Question
4x The Erie Canal opened new markets for entrepreneurs during the market revolution. How did this affect how people bought and sold goods? A The ability to travel to distance places caused the demand for market goods to decrease. People reverted to making most things themselves. B The intervention by the government in the construction of the canals trickled down into business. Government intervention in big business became commonplace. C The Erie Canal and similar structures allowed goods to be produced more quickly. Due to quicker processing times, more goods could be produced and sold at lower prices in the market. D Until the 19th century most markets were local and people did business with friends and family members. With the ability to travel to distant markets people began conducting business with strangers.
Solution
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Resposta
The most accurate answer is D. The Erie Canal opened up new markets and allowed for more diverse interactions, which had a significant impact on the way goods were bought and sold.
Explicação
## Step 1The Erie Canal, which opened in 1825, was a significant development during the market revolution in the United States. This canal created a new trade route, connecting the Great Lakes with the Atlantic Ocean via the Hudson River. This had a profound impact on the way goods were bought and sold.## Step 2Option A suggests that the ability to travel to distant places decreased the demand for market goods and led people to make most things themselves. This is not accurate. The Erie Canal actually increased the demand for market goods by making transportation more efficient and cost-effective.## Step 3Option B suggests that government intervention in the construction of the canals trickled down into business and made government intervention in big business commonplace. While it's true that the government played a the Erie Canal, this option doesn't directly address the impact of the canal on the way goods were bought and sold.## Step 4Option C suggests that the Erie Canal and similar structures allowed goods to be produced more quickly, leading to more goods being produced and sold at lower prices in the market. This is a plausible explanation. The canal made transportation of goods faster and more efficient, which could have led to an increase in production and a decrease in prices.## Step 5Option D suggests that until the 19th century, most markets were local and people did business with friends and family members. With the ability to travel to distant markets, people began conducting business with strangers. This is also a plausible explanation. The Erie Canal opened up new markets and allowed for more diverse interactions.