1. Ch. 6 Sec. 2- The Age of Railroads
Review

2. Contributions of the Railroad
Reliable Travel
Made western expansion possible
Transcontinental Railroad
Time Zones

3. Interdependence

4. Set up by the Union Pacific Railroad
Opportunists
Credit Mobilier
George Pullman
Set up by the Union Pacific Railroad
Charged stockholders 2 to 3 times the price of laying track
Reports of more than $23 Million dollars had been taken.
Creates a company city
Provided all basic needs
City was under company control

5. Misuse of the government land grants
Who were the Grangers?
Misuse of the government land grants
Fixed prices
Charged different rates.

6. Munn v. Illinois States began sponsoring Granger Laws
Railroads take it to court
Grangers win by a vote 7 to 2. 

7. Interstate Commerce Act
Federal government supervises railroad
Interstate Commerce Commission

8. Railroads = bankruptcy
Panic of 1893
Railroads = bankruptcy
600 Banks close, 15,000 business failed, 4 million people lost their jobs.
By 1900, seven companies owned 2/3rds of the nation's railroads. 

9. Remainder of Class