7
QuizMultiple Choice

Capitalism — Quiz

Question 7 • World History: Issues and Patterns

How did banking change in Europe from the 1700s to the 1800s?

Answer
A
The number of government banks sharply increased.
B
The number of private banks sharply increased.
C
The number of private banks sharply decreased.
D
The number of government banks sharply decreased.

Explanation

Private banking expanded rapidly in Europe during the 1800s as industrialization and growing trade increased demand for loans, deposits, and other financial services. So the best answer is that the number of private banks sharply increased; government banks did not account for the main change described.

AI-written and checked against the verified answer.

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