The Chinese from California Became the Major Source of Labor

question 45

Multiple Choice

The Chinese from California became the major source of labor for the transcontinental railroad in part because

• A) they had no other employment prospects.
• B) they worked for lower wages than what whites would accept.
• C) most were experienced in railroad construction.
• D) most were forced into working for the railroads.
• E) their more well-established unions won the railroad contracts.

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Definitions:

Financial Institutions

Organizations such as banks, credit unions, and insurance companies that provide financial services to consumers and businesses.

Commercial Banks

Financial institutions that offer a wide range of services, including accepting deposits, providing loans, and other investment products.

Fewer Banks

Refers to a situation in the financial sector where the number of banking institutions is reduced, which can affect the competition, availability of credit, and financial stability of an economy.

Deposits Concentrated

Deposits concentrated indicates a banking scenario where a large proportion of deposits is held by a small number of account holders.