Why farmers were angry at Railroad companies
Why were farmers angry at the Railroad companies?
Expert
The farmers were angry at the railroad companies because:
1. The high cost of sending their crops to market. The one and only way to transport their grain was by railroad and their prices were very high for farm products.
2. The railroads also owned the big buildings where grain was stored. The Farmers had to pay to keep their grain there until it was sold. The storage costs were also too high.
3. The cost of borrowing moneywas also high. They opposed the import taxes -- tariffs -- they had to pay on foreign products. A number of tariffs were as high as 60%. Congress had set the levels high to protect American industry from foreign competition. However farmers said they were the victims of this policy, since it increased their costs.
In contrast to the U.S., Japan has observed constant current account surpluses. What would be the major reasons for such surpluses? Is it advantageous to have constant current account surpluses?
What do you mean by the Gresham’s Law?
Select the right answer of the question. Assume that, for every 1-percentage point decline of the discount rate, commercial banks collectively borrow an additional $2 billion from Federal Reserve banks. Also suppose that reserve ratio is 20 percent. If the Fed incre
State what is meant by Subsidiary bank.
Why closed-end country funds often trade at the premium or discount?
State what is meant by Edge Act banks.
Give a brief introduction of the term ‘Budgetary Control’ also writes down its characteristics?
What are the goals of “Great Society” programs?
Why cash is so important? Illustrate it.
18,76,764
1928784 Asked
3,689
Active Tutors
1445823
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!