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The 19th century US industrialisation
+ three positive impacts about the transcontinental railroad
The impact of the transcontinental railroad
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Finished in 1869, the first transcontinental railroad enacted severe change almost immediately after its completion. In a country where it could take months to travel from one end to another, where prices flew as high as $1000 ($18000 adjusted for inflation), the introduction of the latest transportation technology allowed travellers to go cross country in a week for less than $150. Market potential flew, as for the first time in American history, large companies were able to go national and reap the “direct growth through expanding markets and cheaper distribution, as well as increased possibilities for partnerships and exchange of ideas” (Endsley). Although beneficial in the long run, this allowed the subsequent growth of monopoly power. While it did allow for huge industrial and economical growth, it also allowed large corporations to hold vast swaths of land under their control. It isn’t a problem in today's society, as there are laws in place now that illegalize monopolies, but when they first emerged, there was no controlling them. Their reign was one of the darkest times in American history and what most people imagine when thinking about the 1800s. It is undeniable that the immorale treatment of human beings was horrible, but it did lead to something greater. After Teddy Roosevelt cracked down on the trusts, America had already been transformed into a huge economical powerhouse, with the businesses having established trade between foreign countries that were previously unaffiliated with us. The economy and industry was so primed for making and selling product, the main incentive for early 1900s imperialism was simply to find new countries to trade with. The immoral conditions also prompted the formation of unions, which helped to counteract the monopolies abuse of workers. Overall, although the monopolies pulled America several steps down the ladder, they also brought us economic prosperity beyond most other countries and the ability to compete with nations far older and more established than
To urban middle-class Americans of the late 19th century, nothing symbolized the progress of the American civilization quite as much as the railroad. Not only had the great surge in railroad construction after the Civil War helped to create a modern market economy, but the iron horse itself seemed to embody the energy, force, and technology of the new order. In fact, the fanning out of railroads from urban centers was an integral part of the modernizing process, tying the natural and human resources of rural areas to the industrializing core.
Two railway companies competed in this venture: The Central Pacific company laid track eastward from Sacramento, California and at the same time The Union Pacific company began laying track westward from Omaha, Nebraska and when the two lines met, the transcontinental railway would be complete. Each company wanted to cover more ground than the other – not just out of pride and competitiveness, but ...
Corporations growing was beneficial to the economy, mainly because of the costs of different things. Indexed prices between 1870-1899 are shown in Document A. The document shows the food prices and fuel and lighting prices declined a lot. It also shows how the cost of living declined only a little not as much as the food, fuel and lighting prices. Different mining and lighting technologies led to fuel and lighting prices being reduced. Mass production in general led to cost of living prices being reduced. There was improved agricultural technology which led to food prices being reduced (as shown in Document A). The prices falling for local agricultural products worried local farmers as there wouldn’t be profit for them while there’s mass production and technology advancements. Post-civil war america was controlled by big corporations of people like Rockefeller and Carnegie. Some of these people, tried to use the changes in america to benefit the poor. Document E talks about how wealthy men should be trustees for the poor (to benefit the economy), how they should make trust funds for the “most beneficial results for the community”. in docum...
Cannons boomed simultaneously in New York and San Francisco at the same moment the golden spike was hammered into the ground, connecting the Central Pacific Railroad and the Union Pacific Railroad companies at Promontory Summit, Utah, on May 10, 1869 (American 1). North America became the first continent to be connected by railroad from the Atlantic coast to the Pacific coast when the Transcontinental Railroad was finished (Gale 1). The railroad was an essential component of achieving manifest destiny. The completion of the Transcontinental Railroad spurred settlement in the American West, encouraged immigration, and began an economic boom in the United States.
In Henry George’s article, What the Railroad Will Bring Us, it discusses the main social, political, and economic transformations that the trans-continental railroad would bring to the state of California. More importantly, he discusses not only the benefits, but also discusses the major drawbacks with the arrival of the railroad. Henry George stated the railroad would be the “greatest work of the age” (297). With a railroad stretching from the Atlantic to the Pacific, multiple benefits would be brought to the state of California. First, the railroad will not only create a new means of transportation across the United States, it additionally would also become “one of the greatest material prosperity” of its time (298). This means more people, more houses,
The most predominate justification for imperialism, at least for business America, was to expand its economic interests throughout the world. First off, as the American domestic market for manufactured goods seemed to be shrinking many American business interests started search for ways to keep their businesses expanding; the best way to do this was to rival European imperialism and thus rival European markets (Hewitt, 622-624). Additionally, during the 1870s and 1890s the economy cycle was characterized with booms then busts but it wasn't until the depression of the 1890s did America see its greatest economic contraction; this led political and business leaders alike to search for foreign markets and create them (Hewitt, 623). Furthermore, not only were business leaders looking to sell their goods overseas by acquiring territories as a launch pad into new markets, an example of this was acquiring Guam and the Philippines to have easier access into the Chinese Market, but business leaders also looked to acquire te...
By the turn of the nineteenth century, American industry experienced a dramatic upturn in popularity. However, though this industrialization was crucial for America's economic development, it also inevitably led to social turmoil. Corruption was rampant among government figures, and they bribed people with money, jobs, or favors to win their votes. Referred to as the Gilded Age, this era was indeed gilded, masking a plethora of social issues behind a thin veil of economic success. The most notable problems stemmed from the justification of what was called laissez-faire economics, in which the poor were believed to be poor exclusively based on their own shortcomings. The abundance of disposable factory workers faced awful hours and were treated
In the late nineteenth century known as the Gilded Age (or the Reconstruction period) and the early twentieth century known as the Progressive era, the nation went through great economic growth and social change. Beginning from the 1870s, there was rapid growth in innovations and big businesses. This could be because there was population growth and when there is population growth, there is a high demand of products and other necessities in order to strive in society. Many immigrants from Europe, mostly from the eastern and southern Europe, and Asia moved to American cities. Additionally, farmers from rural America desired to increase economically in society and since corporations ruled and political problems occurred, they decided to move into the cities. Afterwards, the 1900s started with the dominance of progressivism which many Americans tried to improve and solve the problems that were caused or had arisen because of the industrialization of the Gilded Age. It was basically the time when progressives fought for legislations like regulation of big businesses, end of the political corruption, and protection of the rights of the people: the poor, immigrants, workers, and consumers. Thus, between the periods 1870 to 1920, big businesses had arisen and taken control of the political and economic systems through corruption and innovations. In response, American citizens reacted negatively and formed labor unions and political systems to diminish the power that large corporations had in America.
The 19th century set the stage for different policies that lead to the extending of America’s power, which is defined as imperialism. Imperialism started for different reasons like the Americans wanting the U.S. to expand or explore the unknown land, or even some feared existing resources in U.S. might eventually dry up. The reason imperialism started doesn’t really matter, but more of what it caused. Imperialism lead to Cuban assistance, the addition of Hawaii and Alaska to America, and Yellow Journalism.
The late 19th century and early 20th century, dubbed the Gilded Age by writer Mark Twain, was a time of great growth and change in every aspect of the United States, and even more so for big business. It was this age that gave birth to many of the important modern business practices we take for granted today, and those in charge of business at the time were considered revolutionaries, whether it was for the good of the people or the good of themselves.
As the need of human transportation and various forms of cargo began to rise in the United States of America, a group of railroads with terminal connections along the way began to form across the land mass of this country, ending with the result of one of the most influential innovations in American history, allowing trade to flow easily from location to location, and a fast form of transportation, named the Transcontinental Railroad.
The growth of the railroad was one of the most significant elements in American economic growth, yet it hurt small shippers and farmers in many ways. Extreme competition between rail companies necessitated some way to win business. To do this, railroads would offer rebates and drawbacks to larger shippers who used their rails. This practice hurt smaller shippers, including farmers, because often times railroad companies would charge more to ship products short distances than they would for long trips. This is known as the “long haul, short haul evil”.
Seavoy, Ronald E. "Railroads." An Economic History of the United States: From 1607 to the Present. New York: Routledge, 2006. 188-200. Print.
...ay to the rise of big business. Americas population was increasing, many citizens were employed and making money, and more eager to spend. Some of the businesses got too big and antitrust acts, such as the Sherman anti-trust act, were passed to control the powers of monopolies and their owners. Not only were there monopolistic companies in the corporate world, there were monopolies in the railroad business as well. The control of railroads became an issue in politics over the abuses and operations of the rail systems. Soon, the federal agencies Interstate Commerce Commission was formed as the first regulatory agency to control private businesses in the public?s interest. More and more control was placed upon Americas businesses and corporations and from this grew unions, as well as conflicts between management and labor, all of which exist today.
Transportation was a large factor in the market revolution. During the years of 1815 and 1840, there were many forms of improved transportation. Roads, steamboats, canals, and railroads lowered the cost and shortened the time of travel. By making these improvements, products could be shipped into other areas for profit (Roark, 260). Steamboats set off a huge industry and by 1830, more than 700 steamboats were in operating up and down the Ohio and Mississippi River (Roark, 261). Steamboats also had some flaws, due to the fact of deforesting the paths along the rivers. Wood was needed to refuel the power to the boat. The carbon emissions from the steamboats polluted the air (Roark, 261). The building of roads was a major connecting point for states. There were some arguments of who would pay for...