What Was the Impact of the Pacific Railroad Act

question 24

Multiple Choice

What was the impact of the Pacific Railroad Act?

• A) The federal government became a major investor in the transcontinental railroad.
• B) The price of cotton rose as new railroads fueled demand and enhanced Southern power.
• C) The British moved through the creation of a new fleet to blockage U.S. cotton exports.
• D) The price of steel rose, fueling economic interdependence with newly free Canada.
• E) Private lands were seized by the federal government and gifted to the railroads.

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Definitions:

Debt-to-Equity Ratio

A financial metric that shows the balance between the equity provided by shareholders and the debt leveraged to support a company's assets.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available for its day-to-day operations.

Long-term Liabilities

Financial obligations of a business that are due more than one year in the future, such as bonds payable or long-term loans.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.