Railroad Homework
John Henry
Rail Transcontinental Railroad- Union Pacific and Southern Pacific meet with a golden spike Dangers of work Time Zones and Rail road time
Growth of new towns George Pullman starts to standardize RR cars and Luxury Cars Company owned and controlled town (I.e.. Pullman) Union Pacific starts to buy politicians (i.e. credit) Union Pacific stockholders uses Credit Mobiler Construction Company to make profits
Railroad Abuse Rail Roads Fixing prices Granger Laws- setting maximum prices by government Munn vs. Illinois allowed Granger laws to be constitutional. Protected farmers.
Interstate commerce act federal government regulates prices between states But Commission was ineffective 7 powerful companies held 2/3 of track
Summary Questions 1)When the Union Pacific and Southern Pacific met this was the beginning of the first _____ 2)Who Created standardized and luxury Rail Cars and company towns? 3)What Construction company did Union Pacific Stockholders use to make unearned profits? 4)Who did Munn v. Illinois protect? What did it regulate? 5)Who reestablished its ability to regulate under the Interstate Commerce Act?