1853 AMERICANS PAY $10 MILLION SOUTHERNERS WANT TO BUILD A TRASCONTINENTAL RAILROAD IN THE SOUTH LAND GOES AROUND THE MOUNTAINS JAMES GADSDEN.

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Presentation transcript:

1853 AMERICANS PAY $10 MILLION SOUTHERNERS WANT TO BUILD A TRASCONTINENTAL RAILROAD IN THE SOUTH LAND GOES AROUND THE MOUNTAINS JAMES GADSDEN

JOSEPH SMITH PERSECUTED RELIGION – MOVED MANY TIMES BRIGHAM YOUNG 15,000 SETTLE NEAR GREAT SALT LAKE IN UTAH KILLED

SUTTERS MILL JAMES MARSHALL GOLD FEVER! 49 ERS – 80,000 PEOPLE MOVE TO CALIFORNIA MINING GOLD

AFTER GOLD RUSH CALIFORNIA IS LAWLESS ASKS TO BE ADMITTED AS FREE STATE GREAT DEBATE IN CONGRESS CALIFORNIA BECOMES A STATE WITH OTHER AGREEMENTS (BRIEF EXPLANATION)

SILVER STIKE IN NEVADA! LARGEST SILVER STRIKE IN HISTORY

PUT OUT OF BUSINESS BY TELEGRAPH LINKED CALIFORNIA WITH THE EAST US MAIL 3 WEEKS – PONY EXPRESS 10 DAYS STATIONS 25 MILES APART – EACH RIDER 75 MILES A DAY – 100 STATIONS – 50 RIDERS -500 HORSES – LIGHT PACKAGES - SADDLE

SAMUEL F.B. MORSE TALKING WIRE CONNECTED CALIFORNIA IN 1861

IRON HORSES TRACKS IN EAST STARTING 1800 CALL FOR A RAILROAD TO CALIFORNIA IN 1850 – DEBATE IN CONGRESS

CRAZY JUDAH UNION PACIFIC & CENTRAL PACIFIC

CHINESE WORKERS LAYING TRACKDANGERS NATIVE AMERICANS

PROMONTARY POINT MAY 10, 1869 GOLDEN SPIKE!

STOCK HOLDERS IN UNION PACIFIC MORE MONEY CAN BE MADE IN BUILDING THE RAILROAD THAN OPERATING IT BUY PENNSYLVANIA FISCAL AGENCY – CREDIT MOBILIER = CONSTRUCTION COMPANY UNION PACIFIC & CREDIT MOBILIER COMBINE STOC K MAKES THEM 1 COMPANY – 2 NAMES

GOVERNMENT WILL PAY CONSTRUCTION COMPANY WITH FREE LAND & MONEY PER MILE OF TRACK UNION PACIFIC HIRES CREDIT MOBILIER TO BUILD RAILROAD – HIRES ITSELF!

667 MILES OF TRACK = $44 MILLION CHARGED $94 MILLION SELLS OFF GOVERNMENT LAND

OAKS GIVES MEMBERS OF CONGRESS SHARES OF STOCK IN CREDIT MOBILIER NO RISK - STOCK GOES UP OVER 500% (67/68) $33 MILLION IN PROFIT 1872 NEW YORK SUN REPORTS STORY MANY RESIGN – VP - OTHERS CONGRESS GETS SUSPICIOUS