QQuestionEconomics
QuestionEconomics
What effect did the invention of interchangeable parts have on the American economy?
A. The prices of goods fell dramatically because the machines producing the goods could be built and repaired more inexpensively.
B. This invention made it harder for people to violate patents.
C. America saw a boom in the export of mechanical parts to places like England, France, and New Spain.
D. This invention caused the price of goods to skyrocket due to increased production costs.
4 months agoReport content
Answer
Full Solution Locked
Sign in to view the complete step-by-step solution and unlock all study resources.
Step 1: Understand the question and the provided answer choices.
The question asks about the impact of the invention of interchangeable parts on the American economy. We need to evaluate how this invention influenced various aspects such as the prices of goods, patent violations, and exports.
Step 2: Analyze the answer choices.
A. The prices of goods fell dramatically because the machines producing the goods could be built and repaired more inexpensively. B. This invention made it harder for people to violate patents. C. America saw a boom in the export of mechanical parts to places like England, France, and New Spain. D. This invention caused the price of goods to skyrocket due to increased production costs.
Final Answer
The invention of interchangeable parts led to a decrease in production costs, which in turn caused the prices of goods to fall.
Need Help with Homework?
Stuck on a difficult problem? We've got you covered:
- Post your question or upload an image
- Get instant step-by-step solutions
- Learn from our AI and community of students