Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

how does this image reflect the changes made by businesses in the unite…

Question

how does this image reflect the changes made by businesses in the united states to protect their sales in the years following the panic of 1893? there may be more than one correct answer. businesses sold their american-made products to marketplaces all over the world. american export products were limited to a few main industries such as steel and foodstuffs. businesses curtailed their sales to foreign markets due to diplomatic issues. many important american exports relied upon the united states’ dominance in the steel industry.

Explanation:

Brief Explanations
  • For the option "Businesses sold their American - made products to marketplaces all over the world": After the Panic of 1893, businesses in the US sought to expand their markets globally to protect sales, so this is correct.
  • For "American export products were limited to a few main industries such as steel and foodstuffs": During this period, US exports were concentrated in key industries like steel and food, so this is correct.
  • For "Businesses curtailed their sales to foreign markets due to diplomatic issues": There's no major diplomatic - driven curtailment of foreign sales post - Panic of 1893 for sales protection; instead, expansion was more common, so this is incorrect.
  • For "Many important American exports relied upon the United States’ dominance in the steel industry": The US had a dominant steel industry, and many exports leveraged this, so this is correct.

Answer:

A. Businesses sold their American - made products to marketplaces all over the world
B. American export products were limited to a few main industries such as steel and foodstuffs
E. Many important American exports relied upon the United States’ dominance in the steel industry