Francis Cabot Lowell led a group of businessmen who?
A. built a centralized textile factory in massachusetts
B. ended that market revolution
C. received the first state charter for a bank
D. cashed in so many bank notes that they led to a panic in 1837
http://en.wikipedia.org/wiki/Francis_Cabot_Lowell_(businessman)
The correct answer is A. Francis Cabot Lowell led a group of businessmen who built a centralized textile factory in Massachusetts. This factory, known as the Lowell Mills or the Lowell System, revolutionized the American textile industry in the early 19th century.
To arrive at this answer, you can approach the question by eliminating the incorrect options and focusing on historical knowledge.
Option B, "ended that market revolution," is incorrect. The term "market revolution" refers to the period of profound economic changes that occurred in the United States between the early 19th century and the Civil War. Francis Cabot Lowell and his group did not end the market revolution, but rather contributed to it by implementing new manufacturing methods.
Option C, "received the first state charter for a bank," is incorrect. While the establishment of banks was an important aspect of the market revolution, there is no evidence to suggest that Francis Cabot Lowell and his group received the first state charter for a bank.
Option D, "cashed in so many bank notes that they led to a panic in 1837," is also incorrect. The Panic of 1837 was a financial crisis caused by a combination of factors, including speculative lending practices, an economic downturn, and a decrease in the international demand for American goods. There is no historical evidence connecting Francis Cabot Lowell and his group to the banking activities that led to the panic.
Therefore, the correct answer is A. Francis Cabot Lowell led a group of businessmen who built a centralized textile factory in Massachusetts.