A. How did Jay Cooke and the Northern Pacific Railroad contribute to the Panic of 1873? Jay Cooke financed the Northern Pacific Railroad. This Railroad incited most people because it seemed to have a promise of wealth, so a lot of investment came in. But, when Cooke went bankrupt, the Panic of 1873 began. Many people lost their jobs, and bread lines were seen everywhere.
The "Four Associates" were the most beneficiated after the built of the railroad in California. In the 1840's, Asa Whitney, China merchant, was the first person considering that a transcontinental railroad in the United States could provide to the nation an expansion of its commerce with far western countries like China, India, and all Asia; however, it was just a dream of Whitney. In 1854, Theodore Judah, constructor engineer and surveyor, traveled from the Atlantic to California with the purpose to convert that dream into reality; during his first six years in California, Judah discovered the route for the railroad.
The American 16th president Abraham Lincoln approved the Pacific Railway Act of 1862, giving building contracts to only two railroad companies. The railroad later becomes a symbol of unity between the broken American nation. The construction of the railroad helped build the foundation of the transportation
These railroads, however, were expensive and needed many willing workers and finances to keep it going. During the Panic of 1873, many of the railroads that were built or in the process of building, got shut down. The economy was plummeting and the railroad companies could not keep up with the expenses. One Canadian-born,
One of those being a railway, which was said to be put in within 10 years. BC joined confederation in 1871 and went on to have its debt wiped clean thanks to the Federal government.
While the railroad construction began long before the 1860’s, the major push for the transcontinental ability was completed in 1869, as the final
In 1871 British Columbia joined confederation and was the 6th province to be apart of the country known as “Canada”. “On July 20, 1871, British Columbia entered Confederation as our sixth province, extending the young Dominion of Canada to the Pacific Ocean.” (http://www.canadahistoryproject.ca/1871/ ) One of the main reasons B.C. was able to join Canada, was because of the Fraiser River Gold Rush. This was when 30,000 miners from the United States came to British Columbia to get in on the gold rush.
How did railroads impact America after the Civil War? Throughout history, transportation has helped move people and materials around in civilizations. Transportation has enabled the growth of cities and has further increased the development of complex societies. A method of transportation widely used is the system of railroads; before cars and airplanes became popular, trains dominated passenger and freight services due to their simplicity and business versatility.
Although the Pony Express didn’t last very long, it still had a huge impact in the time of the 1860’s. Between January and March of 1860, William Waddell, William Russell and Alexander Majors established the Pony Express. It was called the Central Overland California & Pikes Peak Express Company. They then had to chose two places to set up at. Out in the east St. Joseph, Missouri and out in the west Sacramento, California.
Throughout the years there has been numerous railways. Some of the earliest were the Champlain and Saint Lawrence Railroad the Grand Trunk Railway and the Canadian Pacific Railway. The Champlain and saint Lawrence Railroad construction began in 1835 and was financed by Montreal entrepreneur and brewery owner John Mlison. Is is Canada's first railway and it runs between La Prairie on the saint Lawrence river and saint john's.
Macdonald dream was creating the National Railway which would also unify the country, and the railway was built through hard work, sweat and blood in ten years. National Railway was very significant to expansion and growing of Canada. Historian George Stanley wrote in The Canadians, "Bonds of steel as well as of sentiment were needed to hold the new Confederation together. Without railways there would be and could be no Canada." While Macdonald was country leader he tried to allow women and Aboriginal people to vote in 1880’s.
The Transcontinental Railroad The completion of the first Transcontinental Railroad was an important event in the United States history. There were many challenges in building it, but after it was finished, it connected the East Coast of the United States to the West Coast. The railroad took three whole years to build, with the help of two railroad companies and thousands of other hired workers.
Many environmental changes occurred during the transcontinental railroad’s construction. Wherever workers could not overcome terrain, they changed it instead. The transcontinental railroad route was made up of tunnels, cuts, fills, and bridges. Even though it remains a marvel to have built and planned, many of the resources on the route were used to a great expense. With the land along the railroad, timber, water, and minerals could be collected and sold.
The Tremendous Impact of Railroads on America In the late 19th century, railroads propelled America into an era of unprecedented growth, prosperity, and convenient transportation. Prior to the building of the railroads, America lacked the proper and rapid transportation to make traveling across the country economical or practical. Lengthy travel was often cumbersome, costly, and dangerous.
The transcontinental railroad was a railroad built by irish and chinese immigrants. They both started at different sides. This railroad was made to transport mail,goods and people.-Ducksters.com This makes me wonder if they carried livestock, because how else would they transport livestock. The Pony Express was the fastest mail system at the time.
