Trace the Development and Completion of the First Transcontinental Railroad

question 74

Essay

Trace the development and completion of the first transcontinental railroad. Identify the factors that delayed its development, what obstacles had to be removed before it could proceed, and why its completion was significant to the United States.

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Definitions:

Inventory Management

The practice of overseeing and controlling the ordering, storage, and use of components that a company will use in the production of items it will sell, as well as overseeing and controlling quantities of finished products for sale.

Merchandise Inventory

The total value of a company's goods that are ready for sale at any given time, including both finished goods and goods in various stages of production.

Consigned Goods

Items that are sent by their manufacturer to a third party, but still remain the property of the manufacturer until sold.

Goods in Transit

Items that have been shipped by a seller but have not yet been received by the buyer.