Railroads Chapter 9.2 Monica Huddleston Sierra Sharon Emily Steadham

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Presentation transcript:

Railroads Chapter 9.2 Monica Huddleston Sierra Sharon Emily Steadham Emily Jones Bailey Whatley

Linking The Nation After Civil War, railroad construction linked different regions of the Nation in a transportation network. Pacific Railway Act-(1862) signed by President Lincoln, provided construction of Transcontinental Railroad by the Union and Central Pacific Railroad Companies.

A Golden Spike

Under Grenville Dodge the Union began pushing Westward from Omaha, Nebraska, in 1865.

Railroads Spur Growth The Transcontinental Railroad spurred American industrial growth. Central Pacific Railroad Company- had four primary investors known as the “Big Four”. Central Pacific Railroad hired about 10,000 workers from China, because of a shortage of labor.

A tremendous amount of money was spent on steel, coal, timber, and other things used on railroads. Seven Giant systems controlled most railroad traffic as a result of Railroad consolidation. Each community set its clocks by the sun’s position before the 1880’s. American Railway Association divided the country into time zones (regions where the same time was kept)

Over 120 milion acres of land was given to railroad companies in the 1850’s and 60’s, larger than New England, New York, and Pennsylvania combined. Jay Gould- used information he received as a railroad owner to manipulate stock prices to his benefit. Credit mobilier- scandal where the Union Pacific Railroad became almost bankrupt. Great Northern- became the most successful transcontinental railroad. It operated without subsidies or land grants.