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Question
what was an important influence of railroads on modern business practices?
○ railroads formed corporations that raised money through issuing stocks and bonds.
○ use of nonstandard materials set an example for other businesses.
○ strict government regulations for railroads brought strict regulation to oil and steel.
○ railroads made it possible for other businesses to locate resources.
To determine the important influence of railroads on modern business practices, we analyze each option:
- Option 1: Railroads forming corporations to raise money via stocks/bonds was a key innovation. This practice became a standard modern business financing method, influencing how other large - scale enterprises raise capital.
- Option 2: Using non - standard materials as an example for other businesses is not a major or accurate influence of railroads on modern business practices.
- Option 3: The connection between railroad government regulations and oil/steel regulations is not a core way railroads influenced modern business practices.
- Option 4: While railroads helped other businesses locate resources, the innovation of corporate financing through stocks and bonds (Option 1) is a more fundamental and far - reaching influence on modern business practices.
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A. Railroads formed corporations that raised money through issuing stocks and bonds.