Railroads Unite America

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Presentation transcript:

Railroads Unite America

The Transcontinental Railroad Completed in 1869 Connected the Atlantic Coast to the Pacific Coast Reduced travel time from months to days

By the 1890s, railroads supplied cities and towns with food, fuel, mail, building materials, and access to markets.

Made it faster and cheaper for homesteaders to settle the plains

Railroads & mail-order merchants made it possible for people in remote rural areas to enjoy inexpensive consumer goods.

In the West, railroads helped open new territory to economic exploitation

Played a large part in the creation of the first national parks.

Cornelius Vanderbilt Built a trading company with his own steamships and expanded to ocean going ships. Gained control of the New York and Harlem Railroad in 1863 Purchased several other railroads and merged them into one of the first giant corporations in American history.

Cornelius Vanderbilt Built the Grand Central Depot (Grand Central Station today) in 1871 Streamlined railroad service in the U.S. Built up a $100 million fortune (worth about $140 billion today) Founded Vanderbilt University

Railroad “barons” created vast railroad networks and monopolies with free land given by the government: Pacific Railway Act... Raised money by selling many of their land grants Used Chinese & Irish immigrants to lay tracks

Created the first system of time zones to ensure schedule accurate train travel