The greatest advantage of the railroad over earlier forms of transportation was its speed and its ability to stay open throughout most of the winter. Robert Fogel attempted to measure the advantage of faster all-weather transport by examining
A) profits in transportation industries as a group.
B) profits in railroads compared with canals.
C) employment of labor and capital in the transportation sector before and after the railroad.
D) inventories of agricultural products held in eastern markets.

Question

Quizplus · Accepted Answer

Robert Fogel examined the inventories of agricultural products held in eastern markets to measure the advantage of faster all-weather transport provided by railroads. This approach helped assess how railroads affected the availability and distribution of goods.

The Greatest Advantage of the Railroad Over Earlier Forms of Transportation