Federal and state government leaders after the civil

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Chapter 12 / Exercise 01
Entrepreneurial Finance
Leach/Melicher
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51. Federal and state government leaders after the Civil War actively encouraged the growth of business by doing all of the following EXCEPT: a. implementing high tariff s b. providing land to expand railroads c. providing cash to finance railroads d. providing prison labor to railroad companies e. building steel factories
____ 52. All of the following contributed to the Second Industrial Revolution EXCEPT:
____ 53. What industry was the first big business, the first magnet for the great financial markets, and the first industry to develop a large- scale management bureaucracy?
____ 54. A transcontinental railroad was NOT built before the Civil War because:
____ 55. The first transcontinental railroad: a. was completed in 1885 b. was built by the Central Pacific and the Union Pacific Railroads c. followed a southern route through Texas and the Arizona and New Mexico Territories d. led to the bankruptcy of “Commodore” Vanderbilt e. was built in just sixteen months
____ 56. By 1867, 90 percent of the Central Pacific workforce was:
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Chapter 12 / Exercise 01
Entrepreneurial Finance
Leach/Melicher
Expert Verified
c. veterans of the Union Army d. Chinese e. Scandinavian ____ 57. The Union Pacific:
____ 58. Jay Gould was:
____ 59. The work of Cornelius Vanderbilt helps emphasize how: a. the robber barons helped build the South’s great universities b. Jay Gould might actually be seen as a good guy c. the Commodore’s prowess as a naval officer in the Civil War opened the door to the business world following conflict d. business consolidation put the control of railroads in few hands e. the connections between railroads and early canals built fortunes
____

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