The Erie Canal opened new markets for entrepreneurs during the market revolution. How did this affect how people bought and sold goods?
Responses
A The ability to travel to distance places caused the demand for market goods to decrease. People reverted to making most things themselves.The ability to travel to distance places caused the demand for market goods to decrease. People reverted to making most things themselves.
B The intervention by the government in the construction of the canals trickled down into business. Government intervention in big business became commonplace.The intervention by the government in the construction of the canals trickled down into business. Government intervention in big business became commonplace.
C The Erie Canal and similar structures allowed goods to be produced more quickly. Due to quicker processing times, more goods could be produced and sold at lower prices in the market.The Erie Canal and similar structures allowed goods to be produced more quickly. Due to quicker processing times, more goods could be produced and sold at lower prices in the market.
D Until the 19th century, most markets were local and people did business with friends and family members. With the ability to travel to distant markets people began conducting business with strangers.