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5.2: The Age of the Railroads

5.2: The Age of the Railroads. The growth and consolidation of the RR influence expansion of industry. A. Pacific Rail Road Act 1862. Gave Union Pacific and Central Pacific loans and land grants to continue extending tracks = Transcontinental RR for each mile laid 10 sq. mi. Realities of RR

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5.2: The Age of the Railroads

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  1. 5.2: The Age of the Railroads The growth and consolidation of the RR influence expansion of industry

  2. A. Pacific Rail Road Act 1862 • Gave Union Pacific and Central Pacific loans and land grants to continue extending tracks = Transcontinental RR • for each mile laid 10 sq. mi.

  3. Realities of RR Hazardous work B. RR: Spanning Time and Space

  4. Central Pacific Asian and Mexican Poor working conditions $1 a day!! C. Workers of the RR

  5. Union Pacific RR Co. Immigrants from European countries Treated better than their nonwhite counterpart C. Workers of the RR

  6. D. Standardized Time Zones 1918 created by the American Railway Association

  7. E. Last Spike: Promontory Summit, Utah

  8. 3. Towns New towns dev. Along RR lines Supplied products to passerby 4. Markets Promoted trade Towns specialized in specific products 1. Economy Stimulated: raw materials for RR 2. Consolidation of RR’s Cornelius Vanderbilt NY and Chicago F. RR Spur Growth: Opportunities

  9. Summary How did the RR impact American society? Transcontinental RR = Interconnectedness?

  10. Business men who practiced questionable business practices gaining huge personal wealth Land grants were more profitable than operating RR = ? G. Robber Barons

  11. H. Credit Mobilier Construction Company • Influential stockholders of Union Pacific made contracts with themselves = Credit Mobilier • Paid off congressmen • Scam from start to finish • No one prosecuted

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