How Did State Governments Facilitate the Building of Transportation Networks

question 9

Multiple Choice

How did state governments facilitate the building of transportation networks in the early nineteenth century?

• A) They distributed the federal funds earmarked for the construction of public roads.
• B) They directly funded road-building.
• C) They disallowed the formation of monopolies in order to foster competition.
• D) They granted subsidies to private investors who funded construction.

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Definitions:

Financing Statement

A document filed to give public notice of a secured party's interest in the debtor's collateral.

Security Interest

A legal claim or right granted over assets to secure the performance of an obligation, usually repayment of a loan.

Secured Party

An entity that holds an interest in a secured transaction, typically having a claim to a debtor's collateral in case of default.

Debtor

A person or entity that owes money to another party.