The businesses which transformed the economy by encouraging regional concentration of industry and by employing large numbers of salaried managers and developing complex internal structures were the
A) canals.
B) railroads.
C) textile mills.
D) banks.

Question

Quizplus · Accepted Answer

Railroads were instrumental in transforming the economy by encouraging regional concentration of industry. They employed large numbers of salaried managers and developed complex internal structures, which was a significant change from the simpler organizational models of earlier businesses. This allowed for more efficient management of resources and personnel over vast distances, facilitating the growth of industries and markets.

The Businesses Which Transformed the Economy by Encouraging Regional Concentration