During the 1820s and 1830s, Canal Building Projects

question 8

Multiple Choice

During the 1820s and 1830s, canal building projects

• A) provided cheap and reliable access to distant markets and goods.
• B) increased freight rates to cover project expenses.
• C) fostered strong ties between the North and South.
• D) revitalized eastern cities and hindered western settlement.

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Definitions:

Other Things Equal

A principle in economic models known as ceteris paribus, which means holding all other variables constant to isolate the effect of one variable.

Variables

Elements, factors, or quantities that can change or have different values in a given situation or analysis.

Economic Decisions

The choices made by individuals, households, or organizations regarding the allocation of resources and the distribution of goods and services.

Purposeful

Refers to actions undertaken with a specific goal or intention in mind.