Question
How did investors consolidate their power in the rallroad industry during the late 19th century? By implementing a fair and undorm shipping rate for al businesses regardioss of size By exclusivily using government bans and grants to lund all railroad expansions By morging smaller railroad companies into larger ones and listing stocks and bends on the Now York Stock Exchange By offering free transportation for market goods to local producers and farmers
Solution
3.8
(236 Votes)
Alena
Elite ยท Tutor for 8 years
Answer
Investors consolidated their power in the railroad industry during the late 19th century by **merging smaller railroad companies into larger ones and listing stocks and bonds on the New York Stock Exchange.** This process led to the creation of powerful railroad empires controlled by a handful of wealthy individuals and investment bankers like J.P. Morgan. Listing stocks and bonds on the NYSE allowed them to raise vast amounts of capital for further expansion and consolidation, solidifying their control over the industry.