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Corporations, Banks, and Stock Markets
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AP World History
APWH.214 Corporations, Banks, and Stock Markets
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Why did financial centers such as London become important to global enterprise in the nineteenth century?
A
They concentrated investors, banks, stock exchanges, and information needed to fund distant projects.
B
They were isolated from overseas trade and therefore avoided financial risk.
C
They banned the trading of securities for railways and mines.
D
They replaced all corporate investment with household subsistence production.
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