Industrial Development Flashcards
1
Q
Which railroads combined to make the first transcontinental railroad?
A
Central Pacific and Union Pacific
1
Q
What was the major source of financing for the transcontinental railroads?
A
Government
2
Q
What did the SCOTUS rule on in Munn v. Illinois and the Wabash case?
A
Upheld the right to pass Granger laws. (The state has the right to regulate railroad laws)
3
Q
Why was the Interstate Commerce Commission created?
A
To enforce Interstate Commerce Act (forbade railroads to discriminate against shippers, reasonable public rates, no pools)
4
Q
A
