How did railroads influence modern businesses practices?

They transported significant amounts of goods and built national marketing systems.

Their owners formed corporations, oversaw complex processes, and sold huge amounts of stocks and bonds.

By using cheap labor and holding down wages, railroad entrepreneurs served as models for the government.

They brought together several giants of industry who formed a business coalition.

Question

History

Chaney

30 October, 20:00

How did railroads influence modern businesses practices?

They transported significant amounts of goods and built national marketing systems.

Their owners formed corporations, oversaw complex processes, and sold huge amounts of stocks and bonds.

By using cheap labor and holding down wages, railroad entrepreneurs served as models for the government.

They brought together several giants of industry who formed a business coalition.

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Answers (2)

Know the Answer?

Rocco Summers · Answer 1

They transported significant amounts of goods and built national marketing systems.

Explanation:

Railroads increased marketing and grew the industry.

Mariah Mathis · Answer 2

The railroads or rail paths affect the present or modern business practices by issuing/releasing stocks and bonds.

At present, in the United States of America (USA), around 7000 railroads are active which carries the raw material and good to the different states and places of the country. In the United States of America, on that date of 28th February, 1827, the Baltimore and Ohio railroads became the first railways for commercial transportation of passengers and goods.