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How did corporations contribute to the growth of the economy in the late 1800s?

a.
Corporations’ stockholders provided capital to build factories and buy equipment.
b.
Corporations’ stockholders elected boards of directors to run the businesses.
c.
Corporations’ stockholders lent millions of dollars to struggling banks.
d.
Corporations’ stockholders prevented companies from filing for bankruptcy.

If it's wrong I'm deleting your answer.

2 Answers

3 votes
Im not completely sure but i think its A
User Joshc
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5 votes

The correct answer is A) Corporations’ stockholders provided capital to build factories and buy equipment.

Corporations contributed to the growth of the economy in the late 1800s in the following way: "Corporations’ stockholders provided capital to build factories and buy equipment."

The industrialization of the United States allowed the rapid growth of many businesses in America. Entrepreneurs invested their money in new technologies to open manufacturing plants and factories, created many jobs, improved agriculture techniques, and helped to strengthen the economy of the country.

User Vadim Bulavin
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5.3k points