Stubborn Problems/railways

Stubborn Problems In the South in the late 1800s at that place were legion(predicate) problems, with progress came these problems.         Most runwayroads were heavily in debt. Many railroads raise money by issuing bonds. These Bonds were certificates that earn interest and ar redeemed on a certain date. They also alternate stock certificates, which shares the ownership of a company. This system of financing would be used in umteen oppositewise industries. What many companys did to jactitate their stock certificates more desirable (because often they had little value) companies would combust their assets, which is their equipment, property and cash. These tickets became known as watered stock in reference to ranchers having their cattle drink water before foundation weighed for sale.         With completely the ruthless rival the burden of large debt was quiver with heavy competition. Some railroads would have ?rate war s which is when rival railroads tramp their rates to be less than their competition and it would go take song and forth even if they were running or in operation(p) at a impairment. Running at a loss was breach than not running at all.         As the competition grew more, well-nigh companies adopted felonious practices. To attract more problem some companies secretly offered rebates to some of their best shippers. A rebate was a discount on the normal shipping charge.

The primer coat rebates were illegal is because they were not offered to everyone, this hurt mainly farmers along the rail line.         sometimes companies entered in a poolin g arrangement that promised not to tell apa! rt prices as well as assuring each other a certain portion of the freight so that they all could stick to in business.         After all this bribery and pooling and many other scandals, the nationwide rail system would come together finished new communication and transportation which would bound our nation together. They separate time heals all wounds. If you want to get a lavish essay, order it on our website: OrderEssay.net

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