Asked by Ameer Salem on May 01, 2024
Verified
The completion of the American national railroad network in the second half of the 19th century led to all of the following except
A) that it enabled manufacturers to sell their products all over the country.
B) mass consumption.
C) increased prices of goods sold which led to more investment and more jobs.
D) higher wages.
American National Railroad
A hypothetical or specific railroad company operating within the United States, involved in the transportation of goods and passengers across the nation. (Note: As of my last update, there's no specific entity known as "American National Railroad," this description assumes a generic interpretation.)
Mass Consumption
A large-scale demand for products or services by a wide range of consumers within an economy.
- Illustrate the effect that enhancements in infrastructure, especially in rail transport, have on the economic standings of nations.
Verified Answer
MB
Matthew BustamenteMay 02, 2024
Final Answer :
C
Explanation :
The completion of the American national railroad network led to increased competition and lower prices, not higher prices as stated in option C. This, in turn, led to increased mass consumption, which in turn created more jobs and higher wages for workers. Therefore, option C is incorrect.
Learning Objectives
- Illustrate the effect that enhancements in infrastructure, especially in rail transport, have on the economic standings of nations.