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The Erie Canal helped make New York City the trading and financial hub of the United States.TrueFalse

Question

The Erie Canal helped make New York City the trading and financial hub of the United States.TrueFalse

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Solution

True

Similar Questions

The Article talks mainly about __________.A.how products and people flowed from New York to new frontiersB.DeWitt Clinton, who put into motion the building of the Erie CanalC.Jesse Hawley, whose ideas helped build the Erie Canal in New YorkD.how people who owed money were sent to debtors' prisons

WHERE DID THE NEW YORK STOCK EXCHANGE START? A. Near a government building B. Near a buttonwood tree C. In a rented building in Boston D. In a large trading organizationWHAT TYPE OF INVESTMENTS WERE FIRST TRADED AT THE NEW YORK STOCK EXCHANGE? A. Mostly stocks B. Mostly bonds C. Both stocks and bonds D. Gold and silverWHAT IS A REASON THE NEW YORK STOCK EXCHANGE BEGAN TO TRADE MOSTLY STOCKS? A. The rise of canals and railroads that promised higher returns. B. The NYSE kicked out all bond traders. C. The government stopped issuing bonds. D. Stocks became less popular.WHY DID INDUSTRIAL COMPANIES START SELLING SHARES TO THE PUBLIC? A. Because they didn't need money to grow their businesses. B. Because they were patriotic and wanted to support American investors. C. It was the cheapest way to fund their growth. D. Because they didn't want to deal with banks.WHAT IMPORTANT ECONOMIC EVENT HAPPENED AT THE NEW YORK STOCK EXCHANGE? A. The Great Recession. B. The signing of the North American Free Trade Agreement. C. The introduction of the Euro. D. Japanese asset price bubble.

Which of the following was the first building project in the United States that promoted growth of industry on a large scale?New York subwayNational RoadErie CanalTranscontinental railroad

Which of the following building projects opened up the interior of America to economic development?Transcontinental railroadNational RoadBrooklyn BridgeErie Canal

The Grand Canal benefited trade in China by connecting -Select- as well as several major cities.

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