Author Question: In considering the financial history of the transcontinental railroads, the text argues that: a. ... (Read 51 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?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

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

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

For a complete list of videos, visit our video library