Asked by johanna philyaw on Apr 24, 2024
Verified
How did German banks become important to German industrialization?
A) They adopted a policy of lending money freely without oversight,which encouraged creativity amongst industrialists.
B) They were willing to take risks.
C) They were willing to buy substantial shares in industries and thus remained involved in their progress.
D) They kept British and French banks out of Germany.
E) They were government owned.
German Industrialization
The rapid development and growth of industry in Germany during the 19th and early 20th centuries, transforming its economy.
German Banks
Financial institutions located in Germany, known for their significant role in both the domestic and international banking sectors.
- Acknowledge the advancements in technology and their influences during the Second Industrial Revolution.
Verified Answer
BP
Becky Platt5 days ago
Final Answer :
C
Explanation :
German banks became important to German industrialization because they were willing to buy substantial shares in industries and thus remained involved in their progress. This allowed for a close relationship between the banks and industries, providing funding and support for industrial growth. It also gave the banks a significant stake in the success of the industries, incentivizing them to contribute to and encourage their growth.
Learning Objectives
- Acknowledge the advancements in technology and their influences during the Second Industrial Revolution.