Robert Fogel (1964) demonstrates that
A) the social saving of the railroad was large; much of the country (over 25%) could not have ?been settled and cultivated without the railroad.
B) the canal and river systems of transportation could very nearly have produced the same ?results as the railroad in terms of land cultivated.
C) the railroad was responsible for a great "take-off" in terms of economic growth in the ?19th century.
D) the railroad gave a huge boost to the iron industry because for a time it consumed well ?over 50% of all iron produced.
Correct Answer:
Verified
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