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In the late 1800s, the growth of the railroad led to Midwestern cities like Minneapolis and Cleveland becoming
Cleveland was another of the Great Lakes industrial boomtowns. Founded in 1786, it grew rapidly after the Erie Canal was completed in 1825. [ Large steel mills were built using coal from the Appalachian Mountains and iron ore from Michigan and Minnesota. John D. Rockefeller founded Standard Oil Company in Cleveland in 1862, which resulted in the development of a large petrochemicals industry. ]
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The growth of business led to the development of a new type of business organization called the corporation. Which of the following was a characteristic of a corporation? A. Each of the company’s stockholders was legally responsible if the company went bankrupt. B. Only the owner of the company was legally responsible if the company went bankrupt. C. None of the company’s stockholders was legally responsible if the company went bankrupt. D. The federal government was legally responsible if the ...
Weegy: None of the company’s stockholders was legally responsible if the company went bankrupt- was a characteristic of a corporation ***Corporation is also legally separated from the stockholders who own it and the managers who run it. [ A corporation offers these advantages: • Stockholders’ are not responsible for the company’s debt; • A corporation continues to exist even if its stockholders or managers change; • Stockholders can easily sell their ownship shares through the stock market. ] (More)
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In the late 1800s, the growth of the railroad led to Midwestern cities like Minneapolis and Cleveland becoming agricultural centers. unsettled territories. industrial centers. lumber centers.
Weegy: Growth of railroad led to Midwestern cities becoming industrial centers (More)
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