Market capitalization is used by the investment community in ranking the size of companies, as opposed to sales or total asset figures. It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange.
Why did James Monroe and Robert Livingston act quickly to buy the Louisiana Territory? President Jefferson had told them to buy the entire territory. They disagreed with President Jefferson about the price. President Jefferson did not have the authority to approve the purchase. They were afraid that Napoleon might change his mind. James Monroe and Robert Livingston act quickly to buy the Louisiana Territory because President Jefferson had told them to buy the entire territory. Log in to see link for more information. Added 2/20/2015 1:50:27 AM. This answer has been confirmed as correct, not copied, and helpful.
In early 1803, Jefferson appointed James Monroe as a special envoy to France. Monroe and Minister to France Robert Livingston would try to buy land east of the Mississippi or in New Orleans itself, or, if all else failed, to secure U.S. access to the river. Jefferson authorized them to negotiate up to $10 million. Monroe and Livingston learned that Napoleon had given up his desire to recreate an empire in North America. France offered the U.S. the entire Louisiana territoryâmore than 800,000 acres from Louisiana to the Rockies and beyondâfor $15 million.