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the erie canal opened new markets for entrepreneurs during the market revolution.how did this affect how people bought and sold goods?

Question

The Erie Canal opened new markets for entrepreneurs during the market revolution.How did this affect how people bought and sold goods? x A The ability to travel to distance places caused the demand for market goods to decrease. People reverted to making most things themselves. x 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 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

Verificación de expertos
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Lara Elite · Tutor por 8 anos

Resposta

'D'

Explicação

## Step 1The Erie Canal, completed 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 development 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 revert to making most things themselves. This is not accurate. The Erie Canal actually increased the demand for market goods by making it easier to transport goods over long distances.## Step 3Option B suggests that the government's intervention in the construction of the canals led to a decrease in demand for market goods and made government intervention in big business commonplace. This is also not accurate. The Erie Canal actually increased the demand for market goods and made it easier for goods to be transported over long distances.## 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 not accurate. The Erie Canal did not directly affect the speed of production, but it did make it easier to transport goods over long distances, which could lead to lower prices due to increased competition.## 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 accurate. The Erie Canal made it easier to transport goods over long distances, which led to an increase in trade and the ability to conduct business with strangers.