5.2: The Age of the Railroads The growth and consolidation of the RR influence expansion of industry.

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Presentation transcript:

5.2: The Age of the Railroads The growth and consolidation of the RR influence expansion of industry

A. Pacific Rail Road Act Gave Union Pacific and Central Pacific loans and land grants to continue extending tracks = Transcontinental RR 2. for each mile laid 10 sq. mi.

B. RR: Spanning Time and Space 1. Realities of RR 2. Hazardous work

C. Workers of the RR 1. Central Pacific a.Asian and Mexican b.Poor working conditions c.$1 a day!!

C. Workers of the RR 2. Union Pacific RR Co. a.Immigrants from European countries b.Treated better than their nonwhite counterpart

D. Standardized Time Zones 1918 created by the American Railway Association

E. Last Spike: Promontory Summit, Utah

F. RR Spur Growth: Opportunities 3. Towns a.New towns dev. Along RR lines b.Supplied products to passerby 4. Markets a.Promoted trade b.Towns specialized in specific products 1. Economy Stimulated: raw materials for RR 2. Consolidation of RRs a.Cornelius Vanderbilt b.NY and Chicago

Transcontinental RR = Interconnectedness? Summary –How did the RR impact American society?

G. Robber Barons 1. Business men who practiced questionable business practices gaining huge personal wealth 2. Land grants were more profitable than operating RR = ?

H. Credit Mobilier Construction Company 1. Influential stockholders of Union Pacific made contracts with themselves = Credit Mobilier 2. Paid off congressmen 3. Scam from start to finish 4. No one prosecuted