Which of the following are true about railroad expansion in the late 19th century? Choose all that apply.

Question

(2 points)
O It led to new managerial forms and techniques
O It accelerated the growth of new territories.
O It was not paid for by the government.
O It grew too quickly and large corporations lost money.

Answer 1

The following statements are true about railroad expansion in the late 19th century:

• It led to new managerial forms and techniques: The expansion of railroads necessitated new organizational methods and managerial practices to handle the complexities of operating long-distance and large-scale transportation systems.

• It accelerated the growth of new territories: The expansion of railroads opened up new areas for settlement and development, facilitating economic growth in previously inaccessible regions.

• It was not paid for by the government: While the government played a role in promoting railroad expansion through land grants and other incentives, much of the funding came from private investments and companies.

The statement "It grew too quickly and large corporations lost money" is not universally true. While there were instances of financial instability and challenges faced by some railroad companies, it does not apply to all large corporations in the industry at that time. Many railroads were quite profitable, although the rapid expansion did lead to issues for some operators.

So, the correct selections would be the first three options.