Merchant banks and land mortgage companies were the result of the expansions in the transportation and industrial systems.
Indicate whether the statement is true or false
Question 2
Exports from and imports to the U.S. were important to growth in the U.S. between 1790 and 1860 because
(a) exports to other countries expanded the market base for U.S. manufacturing goods.
(b) they supported the U.S. economy during a time in which it used more agricultural goods
and crude materials than it produced.
(c) they helped the U.S. and its trading partners gain wealth through international trade of those goods and services in which each produced at a comparative advantage.
(d) they contributed to all of the above.
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