What Changes Did Railroads Bring to American Society During the Gilded

question 119

Multiple Choice

What changes did railroads bring to American society during the Gilded Age?

• A) The introduction of railroads lowered expectations in regard to when products would be available.
• B) Because trains transported large numbers of people west, the population in the United States was rapidly decreasing.
• C) The introduction of railroads marked the end of what is sometimes called the "second industrial revolution."
• D) The introduction of railroads enabled a national market for goods and led to the creation of time zones.
• E) Railroad lines only went west to east and east to west, so the northern economy suffered.

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Definitions:

Historical Data

Information from the past used for analysis, including trends, to inform decision-making processes or predict future outcomes.

Estimated Data

Projections or approximations used in accounting and financial analysis to anticipate future results or values.

Corporate Finance

The division of finance dealing with how corporations address funding sources, capital structuring, and investment decisions.

CFO

Chief Financial Officer; a senior executive responsible for managing the financial actions of a company.