Asked by Gabrielle Gonzalez on Jul 20, 2024

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Verified

The rapid development of railroads in the United States was accomplished _____________________.

A) in large measure through the investment of European banking firms
B) exclusively through the support of a large number of small investors
C) with the assistance of some of the largest government subsidies ever granted
D) almost entirely through the investment of a handful of shrewd millionaires

Railroads

Rail transport systems consisting of tracks, trains, and facilities for the movement of passengers and goods. They were crucial in the industrialization and economic development of many countries.

European Banking

European Banking refers to the banking system and practices within Europe, characterized by diverse regulations and markets across different European countries.

  • Understand the importance of railways and technological advancements in promoting the expansion to the West and enhancing economic development.
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Verified Answer

JO
James ObourJul 26, 2024
Final Answer :
C
Explanation :
The rapid development of railroads in the United States was largely possible due to the government subsidies provided to railroad companies. These subsidies, often in the form of land grants, were among the largest ever granted by the government and allowed for the expansion of the railroads across the country.