By the Time of the Civil War, the Efficient Banking

question 174

True/False

By the time of the Civil War, the efficient banking system of the United States was the envy of the rest of the world.

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Definitions:

Technological Change

Innovations and advancements in technology that improve processes, products, or services.

Internal

Pertaining to or situated within the interior of something, often referring to processes or affairs happening within an organization or entity.

Profit Motive

The intent to achieve financial gain, which drives individuals and companies to engage in business activities.

Government Subsidies

Financial support provided by the government to firms, individuals, or other governmental bodies, often aimed at promoting economic and social policies.