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Industrialization and the Great Divergence
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AP World History
APWH.227 Industrialization and the Great Divergence
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Which statement best connects transnational banking to the Great Divergence?
A
Banks could mobilize capital for railways, mines, and corporations, often giving industrial economies greater influence over distant production.
B
Banking declined because industrial firms no longer needed credit.
C
Transnational finance prevented all overseas investment in infrastructure.
D
Banks mattered only in medieval trade and not in the Industrial Age.
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