Question

Which statement best characterizes the status of the railroad industry by the end of the 1850s?
a. Railroads were struggling to remain active due to heavy financial losses.
b. Business was booming and railroads had transformed the economy.
c. Railroads had been largely replaced by canal transportation.
d. The railroad industry was strongest in the southern states.
e. The railroad industry was crippled by scandals and corruption.

Answer

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