Steam Power and 19th Century Maritime Commerce
The adoption of steam power in the nineteenth century had which of the following impacts on maritime commerce?
A
Increased efficiency and speed of oceanic shipping, revolutionizing trade routes.
B
Government-enforced monopolies of steamship companies stifled competition and kept prices artificially high.
C
Creation of novel navigational methods rendered sail-based navigation completely obsolete within two decades.
D
Extensive use of steamboats on inland waterways had little to no long-term impact on maritime commercial activity.
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