New York served as a vital source of support for the cotton industry b

New York served as a vital source of support for the cotton industry by

A) providing a useful source of child labor to supplement the young women who worked in the factory towns.
B) providing necessary financing through its banks, the New York Stock Exchange, investment houses, and insurance companies to borrow funds and pay off loans to sustain the industry.
C) providing a useful source of unemployed single men to supplement the young women who worked in the factory towns.
D) providing crucial political support for the cotton industry through many state and national politicians supportive of the industry’s goals and objectives.

ANSWER
Answer: B