In considering the financial history of the transcontinental railroads, the text argues that
A) there was surprisingly little corruption given the corruption in other walks of life at the time.
B) there was surprisingly little corruption, mostly involving the buying off of federal regulators when rate controls became unreasonable.
C) there was a great deal of corruption, mostly in the form of high fees charged immigrants for what was really free federal land.
D) there was a great deal of corruption, mostly because construction companies were run by insiders.

Question

In considering the financial history of the transcontinental railroads, the text argues that
A) there was surprisingly little corruption given the corruption in other walks of life at the time.
B) there was surprisingly little corruption, mostly involving the buying off of federal regulators when rate controls became unreasonable.
C) there was a great deal of corruption, mostly in the form of high fees charged  immigrants for what was really free federal land.
D) there was a great deal of corruption, mostly because construction companies were run by insiders.

Quizplus · Accepted Answer

The text suggests that a significant amount of corruption was present in the construction of transcontinental railroads, primarily due to construction companies being operated by insiders who could manipulate contracts and costs for personal gain.

In Considering the Financial History of the Transcontinental Railroads, the Text