1. Which of the following are true about railroad expansion in the late 19th century? Choose all that apply.
a. it led to new managerial forms and techniques
b. it accelerated the growth of new territories
c. it was financed by the government
d. it grew too quickly and large corporations lost money
a. It led to new managerial forms and techniques
b. It accelerated the growth of new territories
These two options are true about railroad expansion in the late 19th century.
Option c is not accurate, as the government did not finance the expansion of railroads in the late 19th century. While the government did grant land to railroads, the majority of the financing came from private investors and companies.
Option d is also not true, as large corporations benefited greatly from the expansion of railroads and the growth of new markets, rather than losing money.