Historians Generally Agree That the Railroads

question 4

Multiple Choice

Historians generally agree that the railroads

• A) were absolutely essential for industrial growth in the 19th century.
• B) were an indispensable "leading sector."
• C) were our first "giant" enterprises.
• D) provided a "social saving" of 90% or more.

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Definitions:

Month-end Contributions

Investments or payments made at the end of each month, commonly used in savings plans or investment strategies.

Compounded Monthly

Interest calculation method where interest is added to the principal balance every month.

Semi-annual Payments

Payments made twice a year, a common term in the context of loans, bonds, and some types of annuities.

Loan

Funds lent that must be repaid with an added interest charge.