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Us history Period 6: Chapter 16: The Rise of Industrial America, [319 - 332] class notes verified A+

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Us history Period 6: Chapter 16: The Rise of Industrial America, [319 - 332] class notes verified A+ Us history Period 6: Chapter 16: The Rise of Industrial America, [319 - 332] class notes verified A+ Period 6: Chapter 16: The Rise of Industrial America, [319 - 332] Due Date: Mon. Jan. 22 - 1900: US leading industrial power in the world - Had raw materials essential to industrialization - coal, iron, ore, copper, lead, timber and oil - Abundant labor supply including immigrants - Growing population and advanced transportation network made US largest market - Capital abundant - Patent system and technology increased productivity - Businesses benefited from gov policies (protected private property, subsidized RR, protective tariffs, limited taxes on corporations) - Entrepreneurs built and managed huge industrial and commercial businesses The Business of Railroads () - Created national market for goods and encouraged mass production, consumption, and economic specialization - Resources in RR building promoted growth of coal and steel industries - RR time became standard time for all Americans - Creating of stockholder corporation and development of complex structures in finance, business management, and regulation of competition - Eastern Trunk Lines - Inefficiencies of railroads reduced after the Civil War by consolidating competing railroads in to integrated trunk lines - Trunk lines connected eastern seaports with Chicago and other midwest cities and set standards for excellence and efficiency for industry - Western Railroads - Promoted settlement on Great Plains and linked West with the East to create national market - Federal Land Grants - Federal gov provided RR Co.s with huge subsidies (loans and land grants) - Gov gave 80 RR Co.s more than 170 million acres - RR might increase the value of gov lands and provide good rates for transporting troops and mail - Negative consequences - Land grants and cash loans led to poor construction of RR and led to corruption in gov - Crédit Movilier - Insiders used construction Co.s to bribe gov officials for profit - RR controlled 1/2

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Uploaded on: October 15, 2024
Number of pages: 18
Written in: 2024/2025
Type: Class notes
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Contains: Us history period 6: 1865 - 1898 chapter 16: the rise of industrial america, 1865-1900 [319 - 332] class notes verified a+

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Us history Period 6: 1865 - 1898
ud ud ud udud ud ud

Chapter 16: The Rise of Industrial America,
ud udud ud ud ud ud u

1865-1900 [319 -
d udud ud

332] class notes verified A+
ud ud ud ud ud

, Periodud6:ud1865ud-ud1898

Chapterud16:udTheudRiseudofudIndustrialudAmerica,ud1865-1900ud[319ud-ud332]

DueudDate:udMon.udJan.ud22

- 1900:udUSudleadingudindustrialudpowerudinudtheudworld

- Hadudrawudmaterialsudessentialudtoudindustrializationud-udcoal,udiron,udore,udcopper,udlead,udtimberudandudoil

- Abundantudlaborudsupplyudincludingudimmigrants

- GrowingudpopulationudandudadvancedudtransportationudnetworkudmadeudUSudlargestudmarket

- Capitaludabundant

- Patentudsystemudandudtechnologyudincreasedudproductivity

- Businessesudbenefitedudfromudgovudpoliciesud(protectedudprivateudproperty,udsubsidizedudRR,udprotectiveudtariffs
,udlimitedudtaxesudonudcorporations)

- Entrepreneursudbuiltudandudmanagedudhugeudindustrialudandudcommercialudbusinesses

TheudBusinessudofudRailroadsud(1830-1860)

- Createdudnationaludmarketudforudgoodsudandudencouragedudmassudproduction,udconsumption,udandudeconomicudspecializ
ation

- ResourcesudinudRRudbuildingudpromotedudgrowthudofudcoaludandudsteeludindustries

- RRudtimeudbecameudstandardudtimeudforudalludAmericans

- Creatingudofudstockholderudcorporationudanduddevelopmentudofudcomplexudstructuresudinudfinance,udbusinessudmanagem
ent,udandudregulationudofudcompetition

- EasternudTrunkudLines

- InefficienciesudofudrailroadsudreducedudafterudtheudCiviludWarudbyudconsolidatingudcompetingudrailroadsudinudtoudin
tegratedudtrunkudlines

- TrunkudlinesudconnectedudeasternudseaportsudwithudChicagoudandudotherudmidwestudcitiesudandudsetudstandardsudf
orudexcellenceudandudefficiencyudforudindustry

- WesternudRailroads

- PromotedudsettlementudonudGreatudPlainsudandudlinkedudWestudwithudtheudEastudtoudcreateudnationaludmarket

- FederaludLandudGrants

- FederaludgovudprovidedudRRudCo.sudwithudhugeudsubsidiesud(loansudandudlandudgrants)

- Govudgaveud80udRRudCo.sudmoreudthanud170udmillionudacres

- RRudmightudincreaseudtheudvalueudofudgovudlandsudandudprovideudgoodudratesudforudtransportingudtroopsud
andudmail

- Negativeudconsequences

- LandudgrantsudandudcashudloansudledudtoudpoorudconstructionudofudRRudandudledudtoudcorruptionudi
nudgov

- CréditudMovilier

, - InsidersudusedudconstructionudCo.sudtoudbribeudgovudofficialsudforudprofit

- RRudcontrolledud1/2udlandudinudsomeudwesternudstates

- TranscontinentaludRailroads

- DuringudCiviludWarudcongressudauthorizedudlandudgrantsudandudloansudforudfirstudtranscontinentaludRRudtou
dtieudCAudtoudrestudofudUnion

- UnionudPacificud(UP)udstartedudfromudOmaha,udNEudandudbuiltudwestward

- EmployedudthousandsudofudwarudveteransudandudIrishudimmigrantsudunderudGeneraludGrenvilleud
Dodge

- CentraludPacificudstartedudfromudSacramento,udCAudandudbuiltudeastward

- LedudbyudCharlesudCrocker

- Workersud(incl.ud6,000udChineseudimmigrants)udlaidudtrackudandudblastedudtunnelsudthroughudth
eudSierraudNevadaudmountains

- RRudjoinedudMayud10,ud1869udatudPromontoryudPoint,udUtah

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Us history Period 6: Chapter 16: The Rise of Industrial America, [319 - 332] class notes verified A+

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