Question

From Abraham Lincolns life, which would be an example from the old economy when compared to the newly transformed market economy?

a. Lincoln working as a lawyer for the Illinois Central Railroad.

b. Lincoln as a state legislator promoting river transportation.

c. Lincoln getting paid in cash and then purchasing clothing from a store.

d. Lincoln settling family debt by doing labor for the neighbor.

e. Lincolns father taking livestock to a faraway marketplace.

Answer

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