All of the following statements are true about the economic depression from 1893 to 1897, EXCEPT:
A) Thanks to careful record keeping in the federal government, we know that the unemployment rate in the manufacturing sector in 1893-1894 was 32 percent.
B) Railroad construction had driven the industrial economy in the 1880s and had slowed by half between 1893 and 1895.
C) With insufficient traffic to pay their fixed costs, railway companies went bankrupt, and so did many of their creditors − banks and bondholders.
D) The agricultural expansion of the 1880s had slowed down in the 1890s.
Correct Answer:
Verified
Q56: Instructions: Identify the following terms:
John Pierpont
Q57: Which statement best describes the development of
Q57: Instructions: Identify the following term(s).
Social Darwinism
Q58: Western farmers were better able to cope
Q59: Which of the following statements about the
Q61: Instructions: Identify the following terms:
Gospel of
Q62: Instructions: Identify the following terms:
Thomas A.
Q63: Instructions: Identify the following terms:
horizontal integration
Q64: Instructions: Identify the following terms:
trademark
Q75: Instructions: Identify the following terms:
Homestead Act
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents