As a Result of the Transportation Revolution

question 46

Multiple Choice

As a result of the transportation revolution,

• A) the division of labor became a thing of the past.
• B) New Orleans became an even more important port.
• C) each region in the nation specialized in a particular type of economic activity.
• D) the conflict between eastern bankers and midwestern farmers intensified.
• E) the Midwest became the first industrialized region.

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Definitions:

World Bank

An international banking institution dedicated to providing poorer countries' governments with the financial support needed for capital project development.

Federal Reserve

The central banking system of the United States, responsible for regulating the nation's monetary policy and financial institutions.

Export Promotion

Government policies or initiatives aimed at encouraging or supporting local producers to increase their sales abroad, often as a strategy to boost economic growth.

Industrial Production

The total output of a country's manufacturing, mining, and utilities segments.