Author Question: Modern investment banking houses emerged in the U.S. in the 19th century to assist in financing: a. ... (Read 66 times)

codyclark · **on:** Jun 30, 2018

Modern investment banking houses emerged in the U.S. in the 19th century to assist in financing:
a. railroad construction.
b. mail-order houses.
c. large corporations producing iron and steel.
d. the textile industry.

Question 2

The federal government granted 200 million acres of land to railroads. Which of the following statements presents accurate information about these land grants?
a. The railroads were required to return 1/3 of the profits from the sale of this land to the federal government.
b. The alternate section provision allowed state governments to purchase portions of the land grants from the railroads at reduced prices.
c. The system of land grant subsidies were difficult to eliminate because of public opposition.
d. Congress required railroad companies that received land grants to transport mail, troops and government property at reduced rates.

annierak · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a. railroad construction.

Answer to Question 2

d. Congress required railroad companies that received land grants to transport mail, troops and government property at reduced rates.