Question

Who financed much of the industrialization in the first half of the nineteenth century?

a. southern planters
b. merchant capitalists in the Northeast
c. British investors
d. Spanish investors wanting to undercut Britain

Answer 1

It was mainly "b. merchant capitalists in the Northeast" who financed much of the industrialization in the first half of the nineteenth century, since they saw an unparalleled opportunity to increase revenue thanks to an abundance of cheap labor.