Railroad Corporations and Their Impact

Railroad Corporations and Their Impact

Assessment

Interactive Video

Business

11th - 12th Grade

Hard

Created by

Patricia Brown

FREE Resource

The video explores the dual origins of modern capitalism, focusing on the cotton textile industry and the development of railroads. It highlights the significant impact of railroads on economic expansion, management, and finance. The rise of corporations and the concept of liability are discussed, along with the evolution of corporate structures and their influence on Wall Street.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What were the two main industries discussed as the origins of modern capitalism?

Banking and insurance

Automobiles and oil

Cotton textile factories and plantations

Railroads and steel

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By the 1850s, how did railroads impact travel time between New York City and Chicago?

Had no impact on travel time

Made it possible to travel in one day

Increased it from three days to three weeks

Reduced it from three weeks to three days

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the major management challenges faced by railroads in the 1840s?

Finding enough coal

Managing different time zones

Hiring skilled engineers

Building new tracks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did railroads influence the adoption of uniform time zones in the United States?

By inventing the wristwatch

By creating a national clock

By standardizing train schedules

By lobbying the government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What financial innovation did railroads introduce to address liability issues?

The stock market crash

The federal reserve

The gold standard

The modern corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What problem did the modern corporation solve for railroad companies?

Track maintenance

Liability for debts

Fuel efficiency

Labor shortages

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the structure of railroad corporations influence American business practices?

By eliminating the need for CEOs

By centralizing management and technical branches

By reducing the number of employees

By focusing solely on engineering

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