The Explosion of Canal Building in the 1820s and 1830s

question 10

Multiple Choice

The explosion of canal building in the 1820s and 1830s was caused by the

• A) success of the Erie Canal.
• B) impact of the protective tariff.
• C) development of the New England textile industry.
• D) provision of federal subsidies for canal construction.

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Definitions:

Depreciation

The process of spreading the costs of long-lived assets such as buildings and equipment over the total number of accounting periods in which they are expected to be used.