Answer: 4- large-scale economic growth that resulted in the rise of big business
Explanation:
The Transcontinental Railroad allowed for goods to be transported across great distances and to previously inaccessible areas thereby increasing trade and contributing to economic growth. It led to the rise of the great and powerful Railroad companies.
The Bessemer process made it much more easier to produce steel and as a result led to the rise of the first business to be worth over a billion dollars in the US, the mighty US Steel. The increased volume of steel production aided economic growth as steel was a very sought after commodity.
<span> 30% growth in GNP between 1922-1928
Automobile and automobile-related industries were booming and employed almost 4 million workers.
Unemployment was low between 1923-1929. Only about 3%.\
High purchasing power. People were spending money with their higher wages.</span>
Answer: President Thomas Jefferson hoped that the Embargo Act of 1807 would help the United States by demonstrating to Britain and France their dependence on American goods, convincing them to respect American neutrality and stop impressing American seamen. Instead, the act had a devastating effect on American trade.
