Unit Test — Unit test Answers

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Which best explains how railroad companies were able to standardize their timetables in 1883?

A
by combining into a single railway company
B
by working together voluntarily
C
by unionizing their labor forces
D
by complying with federal legislation
22
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The growth of business led to the development of a new type of business organization called the corporation. Which of the following was a characteristic of a corporation?

A
Each of the company’s stockholders was legally responsible if the company went bankrupt.
B
Only the owner of the company was legally responsible if the company went bankrupt.
C
None of the company’s stockholders was legally responsible if the company went bankrupt.
D
The federal government was legally responsible if the company went bankrupt.
23

Why did railroad expansion increase the populations of major urban centers during the Gilded Age?

A
New networks in the rural West allowed more farming.
B
Traveling to different cities and factories became easier.
C
Traveling between the North and the South became easier.
D
New networks linked Canadian and US cities.
24

The expansion of the railroad directly led to economic growth in the US because

A
railroads increased competition between different industries.
B
railroads allowed company owners to travel all over the country.
C
railroads made resources and products easier to transport.
D
railroads led to increased prices of newly available products and resources.
25

What is the main reason that the American public turned against monopolies?

A
They saw the price of goods rise as their wages decreased.
B
They saw the price of goods rise as their wages increased.
C
They resented the wealth of the big business owners.
D
They were concerned about smaller businesses.

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