In describing stimuli to the British economy of this time, which of the following statements is true?
a. The British refrained from developing a global economy because of the risk factor.
b. Investments in the industrial revolution were primarily from government support.
c. The British were hesitant in investing in new ideas of production, communications, and transportation.
d. Trade profits generated investment capital for industrial production.
e. The Netherlands led the way in developing a global economy.
Question 2
All of these innovations helped promote globalization in the nineteenth century EXCEPT
a. railroads.
b. telegraph.
c. steamships.
d. international banking.
e. exchange of commodities and raw materials.
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