Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is NOT one of the three reasons for heavy railroad regulations during the Initiation Era? Starting a railroad company comes with
Which of the following is NOT one of the three reasons for heavy railroad regulations during the Initiation Era?
Starting a railroad company comes with a relatively high startup costs, therefore not many entrepreneurs enter the market; thus, railroads have a tendency to monopolize.
Railroad had the potential to unite the country, so government regulated the industry in hopes to stir it in the right direction and towards unification.
Since railroad mode of transportation was a new industry at that time, the government wanted to play it safe with more stringent regulations.
Railroads were a threat to existing motor carriers mode of transportation, therefore government had to step in and introduce regulatory measures to level the playing field.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started