What Was a Consequence of the Market Revolution That Followed

question 36

Multiple Choice

What was a consequence of the market revolution that followed the War of 1812?

• A) It changed Americans' economic expectations.
• B) It gave rise to an industrial economy like that of Britain.
• C) It transformed the economy but affirmed traditional legal and banking practices.
• D) It created new markets but did not alter the distribution of goods.

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Definitions:

Memory Function

The processes involved in encoding, storing, and retrieving information.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have foreseen or predicted the outcome.

Egocentric

Having or regarding the self or the individual as the center of all things.

Stereotypical

Relating to a widely held but fixed and oversimplified image or idea of a particular type of person or thing.