Why Did Railroads Come Under Government Regulation

question 8

Multiple Choice

Why did railroads come under government regulation?

• A) Disgruntled shippers and travelers raised an outcry about the routes of railroads.
• B) Some people effectively argued that railroads were charging "unfair" rates.
• C) The railroad industry was too competitive, thus driving rates below those necessary ?to ensure normal profits for railroad companies.
• D) All of the above are correct.

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Definitions:

Warranty

A guarantee provided by a seller that the product or service offered meets certain criteria and that any defects will be fixed or compensated.

Liability

A legal obligation or responsibility; it can refer to financial debt or other forms of legal responsibilities individuals or entities may have towards others.

Guarantee

A legal promise to ensure the fulfillment of an obligation or repayment of a loan in case the original party fails to do so.

Terminate

Refers to the action of bringing something or an agreement to an end before its natural conclusion.