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Railroad Barons

Railroad Barons. Powerful individuals Control railroads in USA Cornelius Vanderbilt Leland Stanford Made lots of money Aggressive, risk takers Gave money away later in life. Railroads Stimulate the Economy. Created economic links Carried natural resources and farm goods

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Railroad Barons

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  1. Railroad Barons • Powerful individuals • Control railroads in USA • Cornelius Vanderbilt • Leland Stanford • Made lots of money • Aggressive, risk takers • Gave money away later in life

  2. Railroads Stimulate the Economy • Created economic links • Carried natural resources and farm goods • Carried manufactured goods • Stimulated steel,iron,lumber, & coal industries • Created 1,000’s of jobs

  3. Railroad Improvements and Technology • Standard gauge- all RR’s same width • Westinghouse-air brakes • Janney-linking system • Swift-refrigerator cars • Pullman-sleeping car

  4. Competing for Customers • 2 kinds-passengers and businesses • Most money from businesses • Rebates-secret discounts to customers • Pools-agreements between big RR companies • Force smaller RR out • Govn’t tried to stop

  5. Railroads change the USA • Growth of industry in the West • Flour milling to Great Plains • Ag equipment to Midwest • Beef production -Chicago

  6. Time Zones • People travel more • Concerned with hours rather than miles • Regions of country were united • 4 time zones in the continental USA created • Eastern, Central, Mountain, Pacific

  7. Questions • How did the RR change life for farmers and ranchers? • How did the RR change industry in the USA? • How did the RR unite the USA? • Which change in RR’s was the most important?

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