Multiple Choice
Why did railroads come under government regulation?
A) Disgruntled shippers and travelers raised an outcry about the routes of railroads.
B) Some people effectively argued that railroads were charging "unfair" rates.
C) The railroad industry was too competitive, thus driving rates below those necessary ?to ensure normal profits for railroad companies.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Which of the following illustrates the economic
Q4: Fogel's work (1964)on the economic impact of
Q5: North (1974)finds evidence to suggest that the
Q6: The "monopoly issue" is concerned with the
Q7: What influenced and supported the shift in
Q9: How was the history of the railroad
Q10: The Interstate Commerce Commission (ICC)(1887-1995)was the very
Q11: In 1906,the Hepburn Act<br>A) Required the federal
Q12: The U.S.federal government embraced all of the
Q13: Some researchers argue that the railroad industry