Question

Which shows how the use of credit helped expand the U.S. economy in the late 1700s and early 1800s? A. People borrowed money to start or develop their own businesses. B. Citizens began loaning money to others, so they could charge interest. C. Some companies gave loans to people who they could trust. D. The government gave money to schools that needed better facilities.

Answer 1

A. People borrowed money to start or develop their own businesses.

Loans were provided in particular for people to buy land and begin providing food and crops to the country. This money allowed for settlements to grow and the country to expand.