Ch17. The Rise of Industrial America, 1865-1900 ~ By 1900, U.S. leading industrial designer by a combination of factors : * Natural Resources (coal, iron ore, copper, lead..) * grok Supplies (immigrants) * Advance transportation network * Capital (Americans funding the economic expansion) * Technologies increase productivity * Friendly gov policies (tariffs, land grants, loans) * Talented entrepreneurs A. The Business of railroad tracks. ~ The nations first big avocation : railroads, which had greatest impact on Am economic life. - Created a market for goods & encouraged vision production, mass consumption, & economic specialization. - Resources employ promoted growth of industries (coal & steel). - The American Railroad Association dividing nation into 4 time zones (1883) - Most essential : Created modern stockholder corp. & development of complex structures in finance, business management, and the regulation of competition. a. Eastern Truck Lines ~ (1830-1860) building of dozens of quarantined local lines resulted in diff gauges (distance btwn tracks) & incompatible equipment, but after courteous War due to consolidation of competing railroads into integrated truck lines reduced.
- Commodore Cornelius Vanderbilt used $$ from steamboats business to merge local railroads into NY Central Railroad (1867). - former(a) truck lines (Balti much & Ohio Railroad and PA Railroad) connected east seaports w/ Chicago & other Midwest cities & set standards of excellence and might for the rest of the industry. b. Western Railroads ~ Their roles in the trans-Mississippi West : (1) promote resolve on Great Plains (2) link West & East to cook one great national market. ( Federal land grants. ~ seeing western railroads lead to settlements, federal gov provided railroad companies with loans & land grants. - Got more than 170mil acres of public land (given in alternate mile-sq sections), so they could sell the land to new settlers... If you want to get a full essay, order it on our website:
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