CLEP Western Civ II

Category - Imperialism

Napoleon III successfully reformed which of the following French industries?
  1. Banking
  2. Shipping
  3. Manufacturing
  4. Education
  5. Policing
Explanation
Answer: A - Napoleon III successfully reformed French banking. The financial structures of France had been ill equipped to handle the growth of industry. By creating two different institutions, the Credit Moblier, which loaned money to the public, and the Credit Foucier, which addressed the needs of those in agriculture, French finance moved significantly forward.
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