What Industry or Business Was a Main Source of Interest

question 21

Multiple Choice

What industry or business was a main source of interest in the South during Reconstruction?

• A) the railroads
• B) the new chemical industry
• C) furniture and construction companies
• D) the tobacco industry

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Definitions:

Financing

The process of providing funds for business activities, making purchases, or investing, through various means such as loans, credit, or investment.

Previously Owned

Refers to items or assets that have been owned by another party before the current owner.

Loan Payment

The act of paying back a borrowed sum of money to a lender, typically including both principal and interest components.

Compounded Quarterly

The process of applying interest to both the initial principle and the accumulated interest from previous periods on a quarterly basis.