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Large Amounts of Investment Capital Were Needed to Finance the Industrial

question 58

Multiple Choice

Large amounts of investment capital were needed to finance the Industrial Revolution in the United States. During the 1840s, ____ emerged as way for individuals to reduce the risk of the loss of personal wealth when investing in business ventures.


Definitions:

Gasoline

A volatile, flammable liquid derived from petroleum, used chiefly as fuel in internal-combustion engines.

Inelastic

Describes a situation where the demand for a good or service is relatively unresponsive to changes in price.

FICA

The Federal Insurance Contributions Act, a United States federal payroll tax that funds Social Security and Medicare.

Paycheck

A document (or electronic transfer) issued by an employer to pay an employee for services rendered.

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