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

Question

Responses

It led to new managerial forms and techniques.
It led to new managerial forms and techniques.

It accelerated the growth of new territories.
It accelerated the growth of new territories.

It was not paid for by the government.
It was not paid for by the government.

It grew too quickly and large corporations lost money.

Answer 1

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

1. It led to new managerial forms and techniques. - True. The expansion of railroads necessitated new ways of managing large organizations and infrastructure.

2. It accelerated the growth of new territories. - True. Railroads facilitated the movement of people and goods, which promoted settlement and economic development in previously uninhabited areas.

3. It was not paid for by the government. - This statement is somewhat misleading. While private companies built and operated many railroads, the government often provided land grants, loans, and other incentives to support railroad expansion, particularly in the early stages.

4. It grew too quickly and large corporations lost money. - This can also be considered true to an extent. The rapid expansion sometimes led to overspeculation and financial instability, contributing to problems such as the Panic of 1893, which saw several railroad companies going bankrupt.

Overall, the first three statements are clearly true, while the last two have elements of truth but require some context.