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PublishChad Sharp Modified over 8 years ago
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© Mark Batik Jesuit College Preparatory
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Comparisons 1865—35,000 miles of steam rail 1900—192,556 miles Pacific Railway Act (1862) Why 1862? How did it work? Military and Postal Justification Provides for transition of cities and towns because of commerce
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1 st Transcontinental Rail is the junction of the Union Pacific and Central Pacific Omaha to Sacramento Meet near Ogden, Utah in 1869 w As significant as the landing on the moon w The continent could now be crossed in a week
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States and localities provide ~$500 million Federal Loans Checkerboard pattern Incentive for railroads because they have land to sell
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Consolidation Advancements Steel (Bessemer Process) Standard Gauge Air Brakes Personal Travel
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Uniting of the nation Market for goods (A national market) Spurs industrialization Spurs mining and agriculture City Migration Immigration New Wealth
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Corruption Stock Watering Over inflated claims of worth Results in high rates and competition Source: Frank Bellew, New York Daily Graphic, April 14, 1874—American Social History Project.
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Must contend with the Jefferson/Jackson ideal: non- interference, American dream Depression in the 1870s motivates action More evidence of a transition to a more regulatory and involved federal government
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Munn case (Munn v. Illinois (1877))— Property cloaked in the public interest Wabash case ( Wabash, St. Louis & Pacific Railway Company v. Illinois (1886) Interstate Commerce Act 1887 passed in response stops rebates/pools requires publishing of rates stop price discrimination sets up Interstate Commerce Commission
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