USH (5:2) ● The Railroads ● Pacific Railway Act (1862) – Began railroad boom – Two companies offered as much land as they could take ● The Transcontinental.

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Presentation transcript:

USH (5:2) ● The Railroads ● Pacific Railway Act (1862) – Began railroad boom – Two companies offered as much land as they could take ● The Transcontinental Railroad

(5:2)

● Railroads create “time zones” (1883)

(5:2) ● Scandals in the Railroad Industry ● “Credit Mobilier” (1872) – Construction company created by several stock holders of Union Pacific Railroad

(5:2) ● Robber Barons ● Corrupt railroad and business owners

(5:2) Famous Robber Barons ● John D. Rockefeller – Standard Oil

(5:2) ● John Jacob Astor – Fur, real estate

(5:2) ● Andrew Carnegie – Steel

(5:2) ● J.P. Morgan – Banking, steel

(5:2) ● Milton Hershey – Chocolate

(5:2) ● Andrew Mellon – finance

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