Why did railroad companies and other businesses form pools during the American

Question

Why did railroad companies and other businesses form pools during the American Gilded Age?

a. They wanted to cut each other out from the market.

b. They hoped to escape the chaos of market forces by fixing prices with their competitors.

c. They hoped to gather enough capital in a pool in order to buy out their largest and most dangerous competitor.

d. They wanted to share their assets in order to maintain liquidity in times of financial panic.

e. They were sharing patents for new technologies in the railroad industry.

ANS: B TOP: The Second Industrial Revolution

DIF: Difficult REF: Full p. 596 | Seagull p. 608

MSC: Understanding OBJ: 1. Describe the factors that combined to make the United States a mature industrial society after the Civil War.

Answer

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