The emergence of railroads and the telegraph contributed to the growth of agribusiness in
which way?
a. The marketing radius for a farm was no longer limited by horse or oxen endurance.
b. Allowed farmers to increase production of products beyond what they could sell
locally.
c. New towns that supported these technologies grew into larger towns, which
offered more services.
d. Allowed the farmers to potentially charge more than the local market was willing
to pay.
e. All of the above.
Question 2The second disruptive technology for agribusiness was:
a. Fishermen/hunters becoming farmers.
b. The development of railroads and telegraph.
c. The emergency of water transportation.
d. The opening of the stock market as a source of capital for agribusinesses.
e. The industrial revolution.
Question 3How did the emergence of railroads and the telegraph contribute to the growth of
agribusiness?
a. Improved the infrastructure for conducting business
b. Enlarged the definition of local market.
c. Allowed prices to be set by markets located at the nexus of railroad lines and
transmitted quickly to middlemen.
d. Redefined the market radius in terms of the iron horse instead of the farmers
horse.
e. All of the above.
Question 4Which of the following was not true of farms that located near rivers or canals in the 1800s?
a. This location permitted farms to ship goods to every state.
b. This location permitted transportation by both ship and barge.
c. This location required farmers to put crops into the hands of middle- shippers.
d. The cost of transporting a crop would negate any advantage to accessing a more
affluent market
e. Shipping by water was prohibitively expensive.
Question 5Which of the following is not true of agriculture in the 1800s?
a. Virtually all farms were small.
b. Relatively easy access to capital helped the farms survive.
c. The whole value chain was essentially done on each farm.
d. Limited transportation and communication restricted farmers to local markets.
e. Poor transportation required communities to be self-sufficient.
Question 6Which of the following is/are not true of agriculture in the 1700s?
a. Virtually all households farmed.
b. Extra family food was sold or bartered.
c. Poor transportation required communities to be self-sufficient.
d. The whole value chain was essentially done on each farm.
e. All of the above.