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Unformatted text preview: 2. Which, if any, of the economic principles discussed in the first week did you see at play in this chapter? 3. Railroads and the government. Why was the governments role viewed as crucial? (hint: risk) What did the federal government promise? 4. Where the land grants and other forms of government assistance for railroad construction needless giveaways or prudent use of empty spaces? What were some of unscrupulous practices? 5. What sorts of practices led to the rise of rate setting and regulation of the railroads? Describe the early attempts (and the success or failure) of SATE regulation as well as FEDERAL regulation? 6. What does it mean to be captured? Does the evidence suggest it happened? 7. What does the evidence say about how indispensable the railroads were to the economic growth of the US? Chapter Review Questions:...
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- Fall '10