Author Question: In considering the financial history of the transcontinental railroads, the text argues that: a. ... (Read 16 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
In considering the financial history of the transcontinental railroads, the text argues that:
 a. there was surprisingly little corruption given the corruption in other walks of life at the time.
  b. there was surprisingly little corruption, mostly involving the buying off of federal regulators when rate controls became unreasonable.
  c. there was a great deal of corruption, mostly in the form of high fees chargedimmigrants for what was really free federal land.
 d. there was a great deal of corruption, mostly because construction companies were run by insiders.

Question 2

A common unscrupulous financial practice of railroad promoters (and the basis of the Credit Mobilier scandal) involved
 a. federal tax evasion.
  b. insider ownership of railroad construction companies.
  c. sales of worthless railroad bonds to unwitting buyers.
  d. insurance fraud.



Ahnyah

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

d. there was a great deal of corruption, mostly because construction companies were run by insiders.

Answer to Question 2

b. insider ownership of railroad construction companies.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

For a complete list of videos, visit our video library