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.
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.
She is using participative leadership. <span>Participative leadership</span><span> is a method of leadership that involves all team members identifying important goals as well as developing strategies and procedures. Participative leadership can be perceived as a leadership style that rely primarily on functioning as facilitator that the one who simply issues commands or orders or making assignment for each member of the team. </span>
Explanation: The following practice is done by the central bank in the situation of inflation when there is an excess supply of money in the economy.
The central bank tries to decrease the funds by selling the govt bonds to the banks. This results in decrease in funds from banks as they have to buy such bonds from their respective funds.
Entrepreneurship encourages healthy competition. It
also improves economy by being able to partner with big companies in the other
countries. Bheki Kunene, a young entrepreneur of South Africa, was able to
partner with numerous companies across the world. And lastly, it encourages
healthy competition.
