1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bogdan [553]
3 years ago
8

According to the Crash Course video on the Industrial Economy, in which of the following ways did the US Civil War spur rapid in

dustrialization of the country?
A. Forced introduction of a national currency.
B. Provided federal contracts to arms and clothing manufacturers.
C. Improved infrastructure particularly in the form of the transcontinental railroad and telegraph systems.
D. Led to the invention of the Bessemer process of steel production.
E. Introduced flight.
Business
1 answer:
andrey2020 [161]3 years ago
8 0

Answer:

A. Forced introduction of a national currency.

B. Provided federal contracts to arms and clothing manufacturers.

C. Improved infrastructure particularly in the form of the transcontinental railroad and telegraph systems.

Explanation:

The Civil War was a war between the then Northern States who comprised the Union and the then Southern States who comprised ti Confederacy in an attempt to get the Confederacy to rejoin the United States of America.

The war had many casualties but some good was done to the economy in terms of the following;

  • There was a forced introduction of a national currency known as the Greenbacks after Congress passed the Legal Tender Act of 1862.
  • The Federal Government increased spending in the economy by providing federal contracts to arms and clothing manufacturers to aid the troops.
  • Improved infrastructure to enable information get to soldiers faster as well as to move soldiers faster especially in the areas of telegraph development and the construction of the transcontinental railroad.
You might be interested in
On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrison’s voting common stock, which represents a 40 perce
Marysya12 [62]

Answer:

The $1,724,000 is the investment amount which is to be recorded as of December 31.

Explanation:

For computing the investment income, the calculation is shown below:

= Paid value + net income percentage - dividend

where,

Paid value= $1.6 million

Net income percentage = Net income × percentage

                                        = $560,000 × 40%

                                        = $224,000

And, dividend = number of shares × per share

                       = 50,000 × 2

                       = $100,000

So, the investment amount would be

= Paid amount + net income percentage - dividend

= $1,600,000 + $224,000 - $100,000

= $1,724,000

Hence, the $1,724,000 is the investment amount which is to be recorded as of December 31.

3 0
3 years ago
the market interest rate is often called the group of answer choices effective rate. stated rate. contractual rate. coupon rate.
fredd [130]

The market interest rate is often called the effective interest rate. It is also known as the yearly equivalent rate, the effective interest rate, and the effective rate (AER).

The true return on a savings account or any other interest-paying investment is known as the effective annual interest rate when the advantages of compounding over time are taken into consideration. Additionally, it shows the precise percentage rate of interest on all unpaid debts, such as credit card balances and loans.

The effective yearly interest rate serves as a proxy for the actual interest rate on a loan or investment. The most important feature of the effective yearly interest rate is the fact that it takes into account the fact that greater effective interest rates will arise from more frequent compounding periods.

To know more about interest rates click here,

brainly.com/question/1314830

#SPJ4

5 0
1 year ago
Which of the following is an example of a franchise
boyakko [2]

Answer:

Sonic Fandom

Explanation:

4 0
2 years ago
You are comparing two annuities that offer quarterly payments of $2,500 for five years and pay .75 percent interest per month. Y
shepuryov [24]

Answer:

The answer is: Annuity B has a smaller present value than annuity A.

Explanation:

The present value is the current value of a future cash flow. Money today is worth more than money earned tomorrow or in a year. So the sooner you receive a payment, its present value will be higher.

For this question, annuity A starts paying TODAY (higher present value), while annuity B starts paying in ONE MONTH.

7 0
3 years ago
A company must repay the bank a single payment of $20,000 cash in 3 years for a loan it entered into. The loan is at 8% interest
masya89 [10]

Answer:

The present value of the loan is $15,877

Explanation:

Solution

Given that:

A company must pay back the bank a single payment of =$20,000

The loan of interest = 8%

Present value of 1 = 8% for 3 years (0.7938)

Present value of annuity = 8% for 3 years (2.5771

Now,

We solve for the loan present value

which is,

$20,000 * 0.7938 =$15, 877

For the annuity (series of payment) = $20,000 * 2.5771

= $51,542

6 0
3 years ago
Other questions:
  • A small economy increased its capital per hour worked (k/l ) from $40,000 to $50,000. As a result, real GDP per worker (Y/L) gre
    6·1 answer
  • If firms and households form their expectations about inflation by looking at past inflation, this form of expectations formatio
    8·1 answer
  • Suppose that a government agency is trying to decide between two pollution reduction policy options. Under the permit option, 10
    6·1 answer
  • Barney bought a small retail business a month ago. He plans to advertise it with the help of billboards and flyers to attract cu
    13·1 answer
  • The company financial officer was interested in the average cost of PCs that had been purchased in the past six months. A random
    8·1 answer
  • Which of these is an essential element of a formal email?
    7·2 answers
  • Select ALL the correct answers!
    13·2 answers
  • Wally owns 200 acres of land.Wally offers to sell the land to Robert for $1,500 per acre.Robert replies that he does not need 20
    11·1 answer
  • For Sunland Co., beginning capital balances on January 1, 2020, are Nancy Payne $18,900 and Ann Dody $24,000. During the year, d
    7·1 answer
  • Bluestone Company had three intangible assets at the end of the current year:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!