By the late 1920s, what notable change occurred regarding hockey team ownership?

By the late 1920s, the landscape of hockey in North America was shifting significantly due to the growth of the National Hockey League (NHL) and the increasing influence of American markets. During this period, several American cities saw the establishment of hockey franchises, which expanded the league’s reach beyond its Canadian origins. This trend indicated a marked change in ownership dynamics, as more teams were being owned by American investors and businessmen.

The increase in American teams and ownership was driven by various factors, including the sport’s rising popularity in the United States, particularly in cities with a strong industrial base and sizable immigrant populations familiar with the sport. This expansion played a critical role in evolving the professional hockey landscape, leading to a more balanced representation of teams across North America compared to earlier years when Canadian teams were predominant.

The other options do not accurately reflect the developments during that era. For example, while Canada has a rich hockey heritage, by the late 1920s, the trend clearly indicated a shift towards greater American involvement in hockey ownership. Thus, the correct answer highlights an essential aspect of the history and evolution of hockey during that time.