Which statement best explains how the invention of corporations contributed to the economy in the 1800s?

Corporations allowed investment without risk of personal property, fueling the growth of new businesses.

Corporations enabled factories to hire large numbers of unskilled workers who worked long hours for low wages.

Corporations changed how goods were made, bringing in innovations like mass production.

Corporations suppressed the development of an industrial economy in the Southern states.

Question

History

Jaydan Norris

7 June, 15:31

Which statement best explains how the invention of corporations contributed to the economy in the 1800s?

Corporations allowed investment without risk of personal property, fueling the growth of new businesses.

Corporations enabled factories to hire large numbers of unskilled workers who worked long hours for low wages.

Corporations changed how goods were made, bringing in innovations like mass production.

Corporations suppressed the development of an industrial economy in the Southern states.

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Damon · Answer 1

The statement that best explains how invention of corporations contributed to the economy in the 1800s is that the Corporations allowed investment without risk of personal property, fueling the growth of new businesses. The correct option among all the options that are given in the question is the first option.