The Most Significant Development Shaping the American Economy After the Civil

question 48

Multiple Choice

The most significant development shaping the American economy after the Civil War was the __________.

• A) growth of the arms industry
• B) growth of the meatpacking industry
• C) decline in the railroads
• D) emergence and consolidation of large-scale corporations

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Definitions:

Usury Law

A law that establishes the highest interest rates that lenders can apply to borrowed money.

Loaned Out

Refers to resources or money that has been borrowed out to individuals or entities under an agreement to be repaid, typically with interest, over a certain period.

Usury Law

Legislation that sets maximum interest rates that lenders can charge borrowers to prevent exploitation.

Loaned Out

Refers to funds or assets that have been borrowed by one party from another under agreed conditions, often involving interest.