By 1900, all of the following were true of the railroad industry EXCEPT that
A) the construction of new railroads created numerous jobs across the country.
B) the steam locomotive was faster than conventional modes of transportation.
C) the industry raised capital by incorporating and issuing stock.
D) the shipment of goods by rail was more costly than other forms of transportation.
E) railroads were not confined to following waterways.
Answer: D) the shipment of goods by rail was more costly than other forms of transportation
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