WORLD HISTORY

HISTORY

THE INDUSTRIAL REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How did railroads impact the prices of goods & services?
A
Made them more expensive & harder to ship
B
made them cheaper & easier to ship
C
Gave people a way of transportation
D
None of the above
Explanation: 

Detailed explanation-1: -The main reasons for the increase in railroad construction was The Union Pacific Railroad and the Central Pacific Railroad companies both received financial aid from the government. The transcontinental railroad was completed in 1869, allowing for increased trade with Asia and opening up the West for expansion.

Detailed explanation-2: -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-3: -The railways were perhaps the most visible element of the Industrial Revolution for many. Trains powered by steam engines carried goods and people faster than ever before and reached new destinations, connecting businesses to new markets.

Detailed explanation-4: -The railway allowed people to flock to cities and allowed people to travel newer places as well. Business boomed due to the railway with the mass increase of people and goods. All in all, the railway was a major success in all aspects of the Industrial Revolution especially in time and distance.

Detailed explanation-5: -The development of railroads was one of the most important phenomena of the Industrial Revolution. With their formation, construction and operation, they brought profound social, economic and political change to a country only 50 years old.

There is 1 question to complete.