Explain the impact of the developing railroad industry and how it helped the industrial development of the United States

The transcontinental railroad had a major effect on how Americans perceived their nation, and it became a symbol of America’s growing industrial power and a source of confidence that led them to take on even more ambitious quests. As Ronda says, “It’s one of the transformative moments in American history.”

Explanation:

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a free market economy requires less state intervention. concurrently, it often requires a degree of democratisation of its institutions which- to a certain extent- facilitates economic activity. at the same time, a free market economy appears to be reliant on democracy for its functioning.

1 a

2 c

3 c

4 b

5 a

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