Write an Essay That Explains the Significance of Railroad Expansion

question 30

Essay

Write an essay that explains the significance of railroad expansion in the latter half of the nineteenth century. Discuss how these railroads were financed, who the people were behind the expansion, and how they affected the economic development of the country in the late nineteenth century.

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Definitions:

Equivalent Amount

An equivalent amount refers to a value that has the same worth or value as another in a different form or denomination.

Money

A medium of exchange that is widely accepted in payment for goods and services and in settlement of debts.

Annually Compounded

Refers to the process of calculating and adding interest to a principal sum once per year.

Maturity Values

The amount payable to the holder of a financial instrument at its maturity date, often the principal plus interest.