During the Great Canal-Building Era,from Roughly 1815 to 1843,Hughes and Cain

question 7

Multiple Choice

During the great canal-building era,from roughly 1815 to 1843,Hughes and Cain (2011) claim that

• A) most canals earned normal profits.
• B) no canals earned profits.
• C) all canals in the initial period of construction earned normal profits but none did in the later period because of over-construction and competition from the railroads.
• D) the Erie Canal was one of the few, perhaps the only one, to earn normal profits.

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Definitions:

Consensus/Social Proof

A psychological phenomenon where people assume the actions of others in an attempt to reflect correct behavior in a given situation.

Universal Forms

Standardized templates or documents that are widely accepted and used across various contexts or industries.

Appropriateness

The degree to which communication actions are suitable for a particular context or environment.

Consistency

The quality of always behaving or performing in a similar way, or producing the same results, thereby allowing for reliability or dependability.