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The development of railroads essay
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American history railroads essay question
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He bought out many railways to connecting routes with whom he had conflicts with which increased his range of transportation. He also incorporated lower rates with better service. With the advancement of connecting railways farmers were mad because they had to compete with a larger range of other farmers and deal with increasing transport prices. Next there is Rockefeller who used Vanderbilt’s tactics to dominate the oil industry. He bought out rival refineries and created the first American monopoly called Standard Oil Company, which he was the over seer.
3. Despite the initial sentiment of economic historians, the railroad was not an integral part of American economic development after 1860. Even though the railroads were not crucial to economic growth does not negate the fact that the railroads were the first big business in the United States. The railroads benefited from economies of scale, increases in technology and pro-railroad legislation. The miles of track line increased exponentially from 30,000 miles of main line track in 1860 to 254,037 miles by 1916.
Railroad started to be developed so trains could help transport goods from the West to the East. John D. Rockefeller became extremely wealthy for his business in the oil industry. Also Andrew Carnegie was also received a great bit of wealth through the production of steel. They were known as business robbers, because of how they made their wealth.
The Gilded Age was an era of rapid growth in the Americas, between 1870 and 1900. Early industrialists, like John D. Rockefeller, set out to create monopolies. In 1859, hundreds of people rushed to Pennsylvania to industrialize oil. Although they were ruthless competitors and hard-nosed employers, early industrialists like John D. Rockefeller and Andrew Carnegie should be remembered most as "captains of industry" because their grit and resourcefulness left an invaluable positive impact on American society. It is true that some industrialists exhibit a few qualities of a robber baron.
After the end of the American Civil War, there was a long period of republican dominated politics. These republican politicians heavily favored industry, and as a result the United States quickly became an industrial powerhouse in the world. Many entrepreneurs, some of which include John Rockefeller, Andrew Carnegie, and Cornelius Vanderbilt, staked their claim in American industry and shaped the post-war nation. The growth of American industry led to major shifts in the structure of American economics, disagreements over the role of the American government, and changes in American lifestyle. The growth of big business resulted in major shifts in the structure of American economics.
Eventually allowed these business owners such as Andrew Carnegie, Cornelius Vanderbilt, and J. D. Rockefeller to control everything around them including the government. From 1870 to 1900, corporations grew significantly in number, size, and influence in the United States causing big corporations to control the government and the people in America. After the civil war, railroads became the main way to transport people or goods.
For instance, Zinn describes that “industry after industry-shrewd, efficient businessmen building empires, choking out competition, maintaining high prices, keeping wages low, using government subsidies” (2). The correlation between the men who built America were that they found resources where they could boost production, compete with each other, and build wealth. Their achievements came at the coast of the their factory workers who were brutally treated in order to gain efficiency and control. Furthermore, Rockefeller was an industrialist who “borrowed money in order to buy off his competitors, and with the money he gained from this investment, was able to pay off the loans and profit” (John Rockefeller). Additionally, many of the industrialists had connections to wealthy industries and because of the influence they were able to force mergers with smaller companies or gain assistance to create larger powerful corporation.
At the onset of the late 19th century, the US experienced an influx of new industries, some of which were dominated by a single corporation. With the invention of the Bessemer process, the industries of steel, oil, and railroads boomed. These industries came to be dominated by the companies of industrialists such as Andrew Carnegie, John Rockefeller, and Cornelius Vanderbilt, respectively. America’s Industrial Revolution also spurred on the invention of electricity and other items that enhanced transportation and communication, which ushered in a new era of change for the US. During the Gilded Age, industry affected the social, economic, and political atmospheres through the monopolization of industries, the rise of Social Darwinism, and the
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
Rockefeller was the founder of Standard Oil, and helped revolutionize the gas and oil industry while Henry Ford revolutionized the factory setting and the assembly line. While JP Morgan was primarily a businessman, he revolutionized the basic business, and became a huge supporting cast for the railroad industry. Finally, Andrew Carnegie innovated the steel production industry, and made steel production and transportation thrive throughout the country. The individuals mentioned above are only a fraction of the many different people that thrived and helped develop America during the Gilded Age”. These famous, or infamous industrialization tycoons thrived during the late 19th century, and created many of the businesses and operations that we know
Thesis : After the Civil War, America was in a post-war boom. During the 1870-1890, big business moguls, such as Rockefeller and Carnegie, create huge corporations which not only affected the economy, but also affected the political realm of America. While many may assume that during the rise of these big business helped to change the economy and politics, the real focus was on the responses formed by society, such as labor unions, increase public outcry, and political opposition groups that helped to change society. A: Economically, big business flourished during the late 1800s.
The nonfiction book, Into Thin Air, is about a personal account on Mount Everest, the highest mountain on our earth, by Jon Krakauer. Krakauer wrote an article about the commercialization of the mountain and as well as its manpower. Commercialization had impacted the way people look at climbing mountains, matching Mount Everest and a few are positive and negative to people. Mount Everest’s respect has turned into a joke by the rapid change of commercialization. Mount Everest deserves respect, however, people lack the knowledge behind the climb.
This essay will generally analyze the relationship between the government and businesses, and how “Big Business” essentially took control of the Gilded Age. America’s first true big business mostly arose because of the railroads, which is fairly significant, because it essentially helped lead the development of other business barons such as, John D. Rockefeller, Andrew Carnegie, and J. Pierpont Morgan who all had particularly extraordinary accomplishments in shaping our economy. Most of these men who created big businesses after the Civil War were driven by a compelling desire to become rich and influential.
In 1694, Thomas Savery invented what would revolutionize the united states indefinitely, he called it the steam engine. This invention lead to the first steam engine locomotive which many would say was a beneficial turning point in the industrialization of america’s economy,allowing the steam engine to be used on the railways. Although the railroads did impact the United States and certain groups in positive ways,there were also negative effects that occurred. During this time period, there were many chinese immigrants that entered the United States who made up most of the workers that built the tracks.
During the period of 1870 to 1900 large corporations, such as the railway company, grew significantly in size, number, and influence. The cause of this was the need for a new way of transportation, the demand was great so the railways expanded all over the United States so that they could meet these demands. These large corporations affected the economy by making it easier to pay for everyday chores, politics in the way that it gave politicians too much power but in doing so gave normal limited power. The corporations had great power and influence which made them a huge impact to society.
