How Did the Expansion of Railroads Accelerate the Second Industrial

question 3

Multiple Choice

How did the expansion of railroads accelerate the second industrial revolution in America?

• A) Time zones let businesses communicate by telegraph for the first time.
• B) Railroads created a true national market for U.S. goods.
• C) Large banks were now able to locate in western railroad towns.
• D) The adoption of a standard railroad gauge made private and federal land grants more available.
• E) The expansion of trains increased the efficiency of small businesses.

---

Definitions:

Effective-interest Amortization

A method of amortizing the premium or discount on bonds payable that reflects interest expense on the outstanding balance of the bond over its life.

Issue Price

The price at which a company's shares or bonds are made available for sale when they are first issued to the public.