Discuss the Significance of Railroads in Transforming the Western Hemisphere

question 41

Essay

Discuss the significance of railroads in transforming the Western Hemisphere. How did railroads affect Latin America, the United States, and Canada?

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Definitions:

Sales Taxes Payable

Liability accounts that record the sales tax collected from customers on behalf of governmental authorities, to be paid in the future.

Cash Sales

Sales transactions where payment is made in cash at the time of purchase, without any delay.

Sales Taxes

Taxes imposed by governments on the sale of goods and services, typically calculated as a percentage of the sales price.

FICA - Medicare

A payroll tax that funds the Medicare program, split between employers and employees, based on a percentage of earned wages.