--%>

Why farmers were angry at Railroad companies

Why were farmers angry at the Railroad companies?

E

Expert

Verified

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.

   Related Questions in Financial Accounting

  • Q : Explain Agricultural business Explain

    Explain the term Agricultural business in term of Accounting?

  • Q : Foreign subsidiary- financial structure

    State some of the conditions under which the foreign subsidiary’s financial structure become relevant?

  • Q : Characteristics of Dual currency bonds

    State the characteristics of the Dual currency bonds market instrument.

  • Q : Ihi Which of the following adjustments

    Which of the following adjustments is an example of an accrual adjustment? an asset/expense adjustment involving depreciation an asset/expense adjustment involving insurance a liability/expense adjustment involving utility expenses a liability/revenue adjustment involving unearned revenues

  • Q : Psychological Health Psychological

    Psychological Health: The employees have noted in their survey feedbacks that their peer relations are based on trust and are healthy. But the nature of work is such that they see lot of suffering. Their interaction with clients at times is not health

  • Q : Benefits of investing through

    List the benefits of investing through the international mutual funds?

  • Q : Creativity and the Individual What are

    What are the various aspects of Creativity on an individual in the creative industry ?    

  • Q : Case study of Espresso Tax Seattle is

    Seattle is currently considering a 10-cent tax on espresso drinks to pay for pre-school and day-care programs. The legislation’s sponsor, Rep. Burbank, argues that people who spend $3-5 on exotic espresso based coffee drinks can afford – and will be &ldquo

  • Q : Prepare the balance sheet At the end of

    At the end of March, 2006 the balances in the various accounts of TTTTT & Company are as follows: Rs. in million Accounts Balance Equity capital 120 Preference capital 30 Fixed assets (net) 217 Reserves and surplus 200 Cash

  • Q : Accouning Required parts are clearly

    Required parts are clearly describes at the end of the questions and additional resource contains the journal article related to question three.. Approx 2000 word assignment.. First Question is of not more than 1000 words to make memorandum and its example is given at end of assignment and require