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Home  arrow Student Resources  arrow Practice Quizzes  arrow Chapter 14. Railroads and Economic Development

Chapter 14. Railroads and Economic Development



This activity contains 11 questions.

Question 1.
Charging “what the traffic will bear” was a tactic commonly pursued by American railroads before they were subjected to regulation.

   
 
End of Question 1


Question 2.
The Interstate Commerce Commission (ICC) (1887–1995) was the very first attempt by Congress and/or the federal government to regulate the railroads; regulation had previously come solely from the states.

   
 
End of Question 2


Question 3.
Many railroads received government subsidies and land grants and, thus, were influenced by the government.

   
 
End of Question 3


Question 4.
The pure competitor usually charges higher prices and offers more output than the monopolist or oligopolist.

   
 
End of Question 4


Question 5.
During the era from 1880 to 1920, the U.S. economy experienced a rise in big business, an expansion in industry and increased concentration in both.

   
 
End of Question 5


Question 6.
Modern work in economic history by people like Robert Fogel (1964) and Albert Fishlow (1965) shows

 
End of Question 6


Question 7.
The case in business regulatory history which permitted government intervention in industry affairs was which of the following?

 
End of Question 7


Question 8.
The “monopoly issue” is concerned with the fact that

 
End of Question 8


Question 9.
Why did railroads come under government regulation?

 
End of Question 9


Question 10.
The Granger Cases of the 1870s

 
End of Question 10


Question 11.
In 1886, what did the U.S. Supreme Court rule in Wabash, St. Louis, and Pacific Railway v. Illinois?

 
End of Question 11





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