Download - 5.2: The Age of the Railroads The growth and consolidation of the RR influence expansion of industry
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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 18621. 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 Space1. Realities of RR
2. Hazardous work
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C. Workers of the RR1. 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. Townsa. New towns dev.
Along RR lines
b. Supplied products to passerby
4. Marketsa. Promoted trade
b. Towns specialized in specific products
1. Economy Stimulated: raw materials for RR
2. Consolidation of RR’sa. 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 Barons1. 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