Author Question: Quantitative evidence from Fishlow, Fogel and Mercer indicates that a. antebellum railroads were ... (Read 132 times)

big1devin · **on:** Jun 30, 2018

Quantitative evidence from Fishlow, Fogel and Mercer indicates that
a. antebellum railroads were built ahead of demand, but post-bellum transcontinentals were not.
b. post-bellum transcontinentals were built ahead of demand, but antebellum railroads were not.
c. both antebellum railroads and post-bellum railroads were built ahead of demand.
d. antebellum railroads were not built ahead of demand, but the evidence on post-bellum railroads is mixed.

Question 2

Albert Fishlow argued that if the railroads were built ahead of demand we would observe initial profit rates that were ______ and initial population densities near railroads that were _______.
a. low; high.
b. high; low.
c. low; low.
d. high; high.

Juro · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

b. post-bellum transcontinentals were built ahead of demand, but antebellum railroads were not.

Answer to Question 2

c. low; low.