Author Question: According to Walton and Rockoff, the primary reason for the demise of the canal system was a. ... (Read 63 times)

crobinson2013 · **on:** Jun 30, 2018

According to Walton and Rockoff, the primary reason for the demise of the canal system was
a. excessive reliance on individual entrepreneurs so that a system of canals was never created.
b. excessive government regulation that kept canal rates and profits too low.
c. environmental damage from deforestation that left canals flooded at some times and dry at others.
d. competition from the railroads.

Question 2

John Maynard Keynes attributed the stickiness of real wages in the early years of the depression to ______.
a. the fall in the money supply.
b. the tendency of people to cut wages slowly while looking for a job.
c. the tendency of employers to ruthlessly replace long-time employees with theunemployed.
d. resistance by workers, especially unionized workers, to wage cuts.

momolu · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

d. competition from the railroads.

Answer to Question 2

d. resistance by workers, especially unionized workers, to wage cuts.