There were 3 railroad tycoons that helped grow Washington state. These tycoons were Henry Villard, Jay Cooke and James Hill. All of these men helped build a railroad to Washington in some way or another. Building a railroad was important because it meant that people could travel easier and faster to Washington. This made Washington’s population grow. Henry Villard was a ship and railroad tycoon, therefore he owned many railroads and ships. One of the major railroads that he owned was the Northern Pacific Railroad. Villard did not start this railroad. In fact he bought the Northern Pacific from another railroad tycoon- Jay Cooke. Villard finished the railroad after he bought it in 1889. Buying almost bankrupt businesses such as the Northern
After that, Judah needed a few business investors to form the railroad company; his next step was to meet with Charles Crocker, Nark Hopkins, Collis P. Huntington, and Leland Stanford in Sacramento, all of them had come to gold rush
What Impact did Railroads Have on South Dakota South Dakota’s history with railroads is very interesting. The first area in South Dakota was owned by white settlers. They were hearing about how railroads were a faster way to send letters because there were no telephones in 1800s. South Dakota was settled in 1861(John).
Without the assistance of the U.S. government, railroad construction between 1860 and 1900 would have been greatly curtailed. Building railroads was very expensive and railroad companies could not build them without help, in the form of grants, from the U.S. government. Congress also helped out the railroad companies in the form of land grants.
The railroad was first designed by George Stephenson whose original idea was to use steam to run the train and make transportation faster. When the US started using railroads and trains they purchased them from the Stephen Works company from Britain. “In the 1850s a boom in railroad development across the North was changing business organization and management and reducing freight costs. Railroads were influencing a rise in real estate values, increasing regional concentrations of industry, the size of business units and stimulating growth in investment banking and agriculture.
It would be harder to get from place to place if there was never the Transcontinental Railroad, which surely would have influenced the ideas of other methods of transportation, like cars and planes. One of the most important points from Document F quotes: “Had it not been for these captains of industry, the free world might have lost the First World War and most certainly have lost the second.” They changed and protected the U.S. and the right of freedom with their work, and that’s
He had designed his business so that when farmers made more money, he made more money so it was a win-win for both parties. He began to expand his interest and started buying coal mines, iron mines, Great Lakes steamships, and waterpower facilities. He also used a lot of his time, effort, and money to improve and expand agriculture in Minnesota. Another thing that he used his railroad for was transportation. He had built tracks to and from Canada, the pacific northwest, and the lower midwest.
During the Gilded Age, many fortunes were made by the railroad system. The increased construction of railroads provided the transportation of people, supplies, and trading goods. The movement of people from the east to the west allowed for increased populations and the spread of their culture. The railroad system provided a service that could quickly and cheaply move supplies across America. The Manifest Destiny was also fueled by the railroad system in the sense that Americans felt it was their duty to spread the knowledge and teach other races.
The Transcontinental Railroad not only untied the nation, but made America possible. Building the Transcontinental railroad was one of America’s greatest achievements, comparable to traveling to the moon and creating the atomic bomb. It connected the east and west coasts of the country, giving the people the ability to settle wherever they wanted. Before they would have had to travel by wagon, take a ship around South America, or risk getting yellow fever crossing the Isthmus of Panama.
While the railroad construction began long before the 1860’s, the major push for the transcontinental ability was completed in 1869, as the final
Working as a personal telegrapher he came up with two ideas to help make the railroads more efficient and these two ideas were the most successful ideas. In 1859, he was promoted to Pennsylvania railroad superintendent. In 1861, Carnegie started the freedom iron company. Since the railroads were getting destroyed in war and deteriorating over time the iron business allowed him to bring in a lot of money since he was the biggest iron maker. In 1865, Andrew changed paths and sold the freedom iron company to make the keystone bridge company, this was revolutionary because this is when bridges started being built with iron instead of wood.
The transcontinental railroad system developed after the Civil War in 1869; this was at the time of the Gilded Age. The reason why the railroads were industrialized, was to revolutionize and expanded the economic growth throughout the United States. Thus, allowing commercial goods to be delivered for a lower rate, as well as, transporting people across the country from coast to coast. During this era, Jay Gould became a railroad mogul, by monopolizing the railroads. As stated in the textbook, 'He operated in the stock market like a shark".
With the advent of the railroad, many of these issues disappeared. Railroads had a major impact on advancing the American economy, transforming America into a modern society, and improving an antiquated transportation system. The building of railroads created rapid economic growth in America. Railroad companies employed more than one million workers to build and maintain railroads. At the same time, coal, timber, and steel industries employed thousands of workers to provide the supplies necessary to build railroads (Chapter 12 Industrialization).
One major industry during this time period was found in the railroad. The of course was also considered the center of national or both financial and political corruption (White, 21). While transcontinental railroads were essential developments for the growth of the United
In between California and the rest of the country were the Great Plains which were not heavily populated so there was no easy way of trade and transportation to the growing western territories. A group of men called the “Big Four” which consisted of Collis Huntington, Leland Stanford, Charles Crocker and Mark Hopkins, decided what the country needed was a transcontinental railroad. Their company, The Central Pacific Railroad company would hire 15,000 Chinese men to work on constructing the railroad due to the fact that they would work for less than the average American. This made transportation cheaper and quicker than ever
The building of roads, canals and railroads played a large role in the United States during the 1800s. They served the purpose of connecting towns and settlements so that goods could be transported quickly and more efficiently. These goods could be transported fast, cheap and in safe way through the Erie Canal that was built to connect the Great Lakes to New York. Railroads were important during Civil War as well, because it helped in the transportation of goods, supplies and weapons when necessary. These new forms of transportation shaped the United States into the place that it is today.