The completion of the first transcontinental railroad paradoxically marked the beginning of a deep and prolonged depression in California.

Question

Quizplus · Accepted Answer

The completion of the transcontinental railroad in 1869 led to an economic boom, but it also resulted in increased competition and overproduction, contributing to the Panic of 1873 and a subsequent economic depression that affected California and other regions.

The Completion of the First Transcontinental Railroad Paradoxically Marked the Beginning