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What were the advantages and disadvantages of consolidation?

consolidation of what?

advantages: train tracks became the same guage, so trains could go long distances. It was much easier to ship long distances. Large railroads had the financial means to build new railroads.

disadvantages: loss of competition, and fixed rates, and all the bad things with monopolies.

After the civil war, railroads consolidated as large railroads companies took over the smaller ones.

What are the advantages and disadvantages of consolidation?

Thank You! :)

ps --- I looked in my book before I post this question and it didn't explain much... all it talked about was Cornelius Vanderbilt.

ghg

advantage- control nation rail traffic

i came here for answers and found nothing mate....

Did you know?

Did you know that consolidation, in the context of business or government, refers to the combining or merging of smaller entities into a larger one? There are several advantages and disadvantages associated with consolidation. On the positive side, consolidation can lead to increased efficiency and cost savings through economies of scale. It can also enable better coordination and centralization of operations, leading to improved decision-making. However, consolidation can also have drawbacks. It may result in the loss of jobs or the elimination of competition, leading to reduced options and potentially higher prices for consumers. Additionally, consolidating diverse entities can present integration challenges and result in conflicts or power struggles. Overall, evaluating the advantages and disadvantages of consolidation is essential in determining its suitability in a given context.