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Published byMatthew Skinner Modified over 11 years ago
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5.2: The Age of the Railroads The growth and consolidation of the RR influence expansion of industry
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A. Pacific Rail Road Act 1862 1. Gave Union Pacific and Central Pacific loans and land grants to continue extending tracks = Transcontinental RR 2. for each mile laid 10 sq. mi.
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B. RR: Spanning Time and Space 1. Realities of RR 2. Hazardous work
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C. Workers of the RR 1. Central Pacific a.Asian and Mexican b.Poor working conditions c.$1 a day!!
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C. Workers of the RR 2. Union Pacific RR Co. a.Immigrants from European countries b.Treated better than their nonwhite counterpart
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D. Standardized Time Zones 1918 created by the American Railway Association
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E. Last Spike: Promontory Summit, Utah
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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
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Transcontinental RR = Interconnectedness? Summary –How did the RR impact American society?
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G. Robber Barons 1. Business men who practiced questionable business practices gaining huge personal wealth 2. Land grants were more profitable than operating RR = ?
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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
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