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In the late nineteenth century, foreign investment funded American _________, who opened mines and built railroads and factories that produced iron and steel.

A. entrepreneurs

Answer :

In the late nineteenth century, foreign investment funded American entrepreneurs, who opened mines and built railroads and factories that produced iron and steel.

The late nineteenth century was a time of major economic growth and expansion. Many Americans relocated westward, and factories and industries arose to meet the demand for manufactured goods. Railroads, mining, and steel were significant industries that contributed to the United States rise as a global superpower during this period.

To keep up with the demand for iron and steel, many entrepreneurs began building factories and mines. Foreign investment played a significant role in American industry during the late nineteenth century. During this period, many European investors saw opportunities in America's expanding economy and invested in American businesses. This investment enabled entrepreneurs to establish or expand their businesses.

The money allowed them to build and equip factories and mines and invest in infrastructure such as railroads to transport goods. Thus, foreign investment was essential in the development of American iron and steel industries as entrepreneurs took advantage of the capital to expand their businesses.

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