How was most American railroad building in the 1850s financed? What role did New York City play...............? and freedom5

How was most American railroad building in the 1850s financed? What role did New York City play...............?

in this financing???


Finance best answer:

Answer by Mr. Bitter
The railroads were financed by the sale of stocks and bonds. The majority of the financiers who sold those stocks and bonds were based in New York.

Finance

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