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In 1851 a Journal Editor Wrote That This Had Become

question 79

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In 1851 a journal editor wrote that this had become "the great agent of civilization and progress, the most powerful instrument for good the world has yet reached." What was he referring to?


Definitions:

Renegotiate

The process of revising the terms of an existing agreement, typically to adjust for new circumstances or to gain more favorable terms.

Scheduled Payments

Payments set to be made at specific times, typically as part of a repayment plan for a loan.

Equivalent

Items or values that are equal in function, value, or meaning.

Loan

A loan amount that requires repayment along with interest accrued.

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