THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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were owned by the government.
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offered fair shipping rates.
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gave special rates to small business owners.
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carried raw materials and manufactured goods to locations across the country.
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Detailed explanation-1: -Not only did the railroads transport raw materials used in industrial production, such as coal and iron ore, the railroads were also one of the largest consumers of raw materials in their own right. The growth of railroads thus led to growth in other industries, such as timber and coal.
Detailed explanation-2: -Railroads were effective, reliable, and faster modes of transportation, edging out competitors such as the steamship. They traveled faster and farther, and carried almost fifty times more freight than steamships could. They were more dependable than any previous mode of transportation, and not impacted by the weather.
Detailed explanation-3: -Railroads made it much easier to transport large quantities of the natural resources needed to produce steel (iron, coal), which increased the demand for those products. Railroads also reshaped the steel industry (and many others) by developing vertical integration.
Detailed explanation-4: -The railroads accelerated the pace of the Industrial Revolution. New technologies, such as machine building and iron and steel production, advanced to meet the demands of railroad growth. By providing cheaper and faster freight delivery, the railroads helped create a new national market.