Which of the Following Factors Contributed to Explosive Economic Growth

question 23

Multiple Choice

Which of the following factors contributed to explosive economic growth during the Gilded Age?

• A) lack of capital for investment.
• B) a tight labor market.
• C) abundant natural resources.
• D) high tariffs.
• E) bank loans to railroads.

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Definitions:

Self-Fulfilling Prophecy

A belief or expectation that influences actions in a way that causes the belief or expectation to come true.

Status Groups

Communities or categories of people who share a similar social status, often marked by their prestige, lifestyle, and affiliations within a society.

Initiation Rite

A ceremonial event or series of actions performed to mark the transition or entrance of an individual into a new status or role in society.

Identity

The qualities, beliefs, personality, appearance, and expressions that make a person (self-identity) or group (collective identity) unique.