MULTIPLE CHOICE
1. Which of the following does the textbook state was the first stage of a “market economy”?
a. Large-scale commercial agriculture
b. Construction of large factories
c. The adoption of “capitalism”
d. National economic independence
e. A balanced federal budget
2. Which of the following statements correctly describes steamboats?
a. They were commercially profitable by the 1790s.
b. They generally had at least twelve-foot drafts.
c. They enabled faster and cheaper two-way travel along major rivers.
d. They were usually built of steel.
e. They soon made railroads obsolete.