Answered

Fulton and Livingston were able to secure a monopoly from the Federal Government on steamboat trade along the Mississippi.

A. True
B. False



Answer :

GinnyAnswer

Final answer:

Fulton and Livingston did not have a monopoly on steamboat trade along the Mississippi; the monopoly was on ferry traffic along the Hudson River.


Explanation:

False. Fulton and Livingston were granted exclusive control over ferry traffic on the Hudson River, not the Mississippi, by the New York state legislature. The case of Gibbons v. Ogden (1824) highlighted the importance of federal regulation of interstate commerce, ultimately declaring New York's monopoly law unconstitutional.


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