The Railroad Revolution- hard

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Questions and Answers

Which industry played a key role in stimulating economic growth in the late nineteenth century?

  • Railroads (correct)
  • Agriculture
  • Textiles
  • Mining

What was the total railroad trackage in the United States in 1900?

  • 193,000 miles (correct)
  • 150,000 miles
  • 30,000 miles
  • 100,000 miles

What was the significance of railroad development for the growth of the modern corporation?

  • It created individual barons
  • It stimulated economic growth
  • It led to the emergence of great railroad combinations (correct)
  • It increased government subsidies

Which industry was among the first to adopt the new corporate form of organization?

<p>Railroad industry (B)</p> Signup and view all the answers

Who dominated the steel industry in the late 19th century?

<p>Andrew Carnegie (C)</p> Signup and view all the answers

Which method of consolidation involved a company taking over all the different businesses on which it relied for its primary function?

<p>Vertical integration (B)</p> Signup and view all the answers

Which industry did John D. Rockefeller's Standard Oil dominate?

<p>Oil industry (C)</p> Signup and view all the answers

During the late 19th century, what form of consolidation allowed stockholders to transfer their stocks to a small group of trustees in exchange for shares in the trust itself?

<p>Trust agreements (D)</p> Signup and view all the answers

Which state played a significant role in the emergence of corporate mergers by changing its laws of incorporation to permit companies to buy up rivals?

<p>New Jersey (C)</p> Signup and view all the answers

By the end of the 19th century, what percentage of corporations in America controlled more than one-third of the manufacturing?

<p>Less than 1% (C)</p> Signup and view all the answers

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