QUESTION IMAGE
Question
how did businessmen contribute to the rise of capitalism?
○ they freed enslaved people, creating more consumers in the economy.
○ they increased the security of money by placing funds in the bank of the united states.
○ they grew wealthy by buying land and creating frontier communities.
○ they opposed the building of roads and canals by the government.
Brief Explanations
- The first option is incorrect; businessmen in the early rise of capitalism often relied on enslaved labor rather than freeing people to create consumers.
- The second option is incorrect; the Bank of the United States was established later, and early capitalist growth predated this institution, with businessmen using private banking or personal funds more.
- The third option is correct; acquiring land, developing frontier communities, and accumulating wealth through land ownership and related commercial activities was a key way businessmen expanded capital and laid groundwork for capitalist systems, as land and resource exploitation were central to early capitalist accumulation.
- The fourth option is incorrect; businessmen generally supported infrastructure like roads and canals, as these improved trade and access to markets, which benefited their capitalist ventures.
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They grew wealthy by buying land and creating frontier communities.