F. RR Spur Growth: Opportunities 3. Towns a.New towns dev. Along RR lines b.Supplied products to passerby 4. Markets a.Promoted trade b.Towns specialized in specific products 1. Economy Stimulated: raw materials for RR 2. Consolidation of RRs a.Cornelius Vanderbilt b.NY and Chicago
Transcontinental RR = Interconnectedness? Summary –How did the RR impact American society?
G. Robber Barons 1. Business men who practiced questionable business practices gaining huge personal wealth 2. Land grants were more profitable than operating RR = ?
H. Credit Mobilier Construction Company 1. Influential stockholders of Union Pacific made contracts with themselves = Credit Mobilier 2. Paid off congressmen 3. Scam from start to finish 4. No one prosecuted