Why Did Populists Call for Public Ownership of the Railroads

question 90

Multiple Choice

Why did Populists call for public ownership of the railroads?

• A) to convince the government to invest more money in a better road network
• B) because they wanted to destroy the American Railway Union
• C) because they distrusted large and powerful corporations like those owning the railroads
• D) because they believed the state should own key institutions and corporations
• E) because farmers would be able to transport their crops at a lower cost

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Definitions:

Demand Schedule

A table that shows the quantity of a product or service demanded at various prices.

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a given price.

Price

A measure of the monetary value assigned to a product or service, indicating what must be given up to obtain it.

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the total quantity demanded by all consumers in the market.