Author Question: In considering the financial history of the transcontinental railroads, the text argues that: a. ... (Read 62 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?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

For a complete list of videos, visit our video library