The development of the steel industry and the railroads was deeply connected. The benefits were going in both directions. The steel industry was providing the material for building the railroads. s the railroads were expanding through the country, new areas were becoming connected, some of which had the ore needed to produce steel. Through the railroad, the ore was easily transported to the manufacturing facilities, so more steel was produced. As more steel was produced, there was even more material for building the railroads, but also a cheaper material, sot he railroads developed even more. In this manner, both sides managed to contribute to their development and prosper greatly.
Answer:
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Answer:
<em>Option C. Natural price.</em>
Explanation:
Adam Smith was a Scottish economist, philosopher and author popularly known as the "father of capitalism". One of the economical terms that he defined is the one of <u><em>"natural price",</em></u> that is the price of any commodity that is neither more or less than the cost of production for that same commodity. The natural price has to be the sum of the costs of rent of the land, the wages of the labor and the profits of the stock that brought the commodity into the market, that took place in order for the commodity to be produced.
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