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Steam Power and 19th Century Maritime Commerce
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The adoption of steam power in the nineteenth century had which of the following impacts on maritime commerce?

A

Government-enforced monopolies of steamship companies stifled competition and kept prices artificially high.

B

Creation of novel navigational methods rendered sail-based navigation completely obsolete within two decades.

C

Increased efficiency and speed of oceanic shipping, revolutionizing trade routes.

D

Extensive use of steamboats on inland waterways had little to no long-term impact on maritime commercial activity.

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