Answered

Get detailed and accurate answers to your questions on IDNLearn.com. Get accurate and timely answers to your queries from our extensive network of experienced professionals.

To gain more capital for industrial expansion, small companies: formed corporations borrowed money from banks produced more goods formed partnerships

Sagot :

To gain more capital for industrial expansion, small companies formed corporations. This was not a universal truth, but took place in budding economies in the 19th century.
Scouteoidn

The correct answer is B) borrowed money from banks.

To gain more capital for industrial expansion, small companies: borrowed money from banks.

Many companies during the industrial expansion had to borrow money from credit institutions because as small companies they were, they did not have enough money to finance their operations. Those companies were at the beginning stage of existence and the easiest way to get some cash was to ask loans to banks.

Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.