With the Development of Mass Transportation in the Later Nineteenth

question 72

Multiple Choice

With the development of mass transportation in the later nineteenth century in large European cities

• A) workers tended to remain in the city center, while the wealthy moved into the outskirts.
• B) new working class neighborhoods began to ring many cities.
• C) city centers became strictly business districts as residents left for the suburbs.
• D) the possibilities for worker insurrection were improved.
• E) the quality of urban life actually deteriorated.

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Definitions:

Economic Theory

A set of principles and models that explain how economies function and how economic agents interact, covering a wide range of topics from microeconomics to macroeconomics.

Stimulate

To stimulate in economic context means to encourage or boost economic activity, often through monetary or fiscal policy, to spur growth and reduce unemployment.

Keynes

Refers to John Maynard Keynes, an economist who is best known for his theories on the causes of prolonged unemployment and the influence of aggregate demand on the economy.

Worldwide Depression

A prolonged period of economic downturn that affects multiple countries and economies around the globe.