Chapter 181. Reflections on Railroads and the Rise of New Industries, Chapter 18

Reflections on Railroads and the Rise of New Industries, Chapter 18

Use your critical reading skills to answer the following questions about the author’s historical interpretation in the narrative.

Quiz

Questions

Question

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There is no right or wrong answer to this question. Your answer has been accepted and your response will be reviewed by your instructor.

Question

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Correct. The answer is a. The author’s main point in this section is that, in the last decades of the 1800s railroads transformed the United States’ economy, pioneering a model for big business, creating enormous wealth for investors, and stimulating the growth of other new industrial enterprises.

Incorrect. The answer is a. The author’s main point in this section is that, in the last decades of the 1800s railroads transformed the United States’ economy, pioneering a model for big business, creating enormous wealth for investors, and stimulating the growth of other new industrial enterprises.

Question

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Correct. The answer is a. To support her point that the railroads pioneered a new model for American businesses, the author describes the ways that Jay Gould and other railroad magnates used new approaches to investment and speculation to both expand and consolidate their businesses, dramatically increasing their personal wealth.

Incorrect. The answer is a. To support her point that the railroads pioneered a new model for American businesses, the author describes the ways that Jay Gould and other railroad magnates used new approaches to investment and speculation to both expand and consolidate their businesses, dramatically increasing their personal wealth.

Question

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Correct. The answer is c. The author supports her contention that railroads sparked the emergence and expansion of other large-scale businesses by describing their need for steel rails, and Carnegie’s insight that he could build modern industrialized steel mills to produce them.

Incorrect. The answer is c. The author supports her contention that railroads sparked the emergence and expansion of other large-scale businesses by describing their need for steel rails, and Carnegie’s insight that he could build modern industrialized steel mills to produce them.

Question

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Correct. The answer is b. The author attributes the growing dominance of bankers and industrialists in the late nineteenth century to their close relationships with state and federal governments in this era.

Incorrect. The answer is b. The author attributes the growing dominance of bankers and industrialists in the late nineteenth century to their close relationships with state and federal governments in this era.

Question

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Correct. The answer is c. The author’s argument suggests that Carnegie’s success depended on the success of his initial investments in the stock market, and his ability to maximize those profits using his business model of vertical integration.

Incorrect. The answer is c. The author’s argument suggests that Carnegie’s success depended on the success of his initial investments in the stock market, and his ability to maximize those profits using his business model of vertical integration.

Question

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There is no right or wrong answer to this question. Your answer has been accepted and your response will be reviewed by your instructor.

Question

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Question

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There is no right or wrong answer to this question. Your answer has been accepted and your response will be reviewed by your instructor.