railroads gov’t loaned $ to rr companies land grants
TRANSCRIPT
Railroads
• Gov’t loaned $ to RR companies
• Land grants
Railroads
• Union Pacific RR
• Omaha, Neb. West
• Irish
• Central Pacific RR
• Sacramento, CA East
• Chinese
• Wedding of the Rails
• Ogden, Utah
• 1869
Other Railroads
• Northern Pacific
• Atchison
• Southern Pacific
• Great Northern
Railroads
• Cornelius Vanderbilt
• Steel rail
• Standard gauge
• Investors RR
• Steel
• Mining
• Agriculture
• People
• Farm supplies
• Farm products
• Immigration
• Railroad Standard Time
• Schedules and wrecks
Railroad Problems
• Jay Gould
• Stock watering – lie about a line’s assets and profitability and sell stocks @ high value
• Bribed judges and legislatures
• Lobbyists
• Free passes to journalists and politicians
• Lassize faire – govt is hands off
• Wanted free trade
Gov’t Gets Involved• Grange – farmers didn’t like big
RR business
• Wabash case – states had no power to regulate interstate commerce (Federal gov’t would have to do it)
• Interstate Commerce Act (1887)
• Cleveland
• Prohibited rebates and pools
• Published rates
• Forbade discrimination
• Can’t charge more for a short haul than a long one
• ***1st large scale attempt by Washington to regulate business
• Interstate Commerce Commission (ICC) – enforce Interstate Commerce Act
Industrial World Leader
-by 1880, U.S. is world’s leading producer of goods
-Why????
unlimited labor force
abundant coal supply
iron mining
discovery of oil in US– Drake
railroad development
The United States, nearing the turn of the century in the
1880s and 1890s, teemed with immigration from many European nations, as well as many Chinese immigrants.
These immigrants provided a steady work force, as well as
a cheap work force, as employers could get away with paying them less per
hour.
Edwin Drake’s discovery of oil led many to drill for the “black gold.” At first, the unrefined petroleum brought
in money for its producers and refiners. Entrepreneurs began
petroleum-refining industries to transform the oil into kerosene for lamps, and they got rid of the by-products, like gasoline. It was not until the production of the car and other mechanized items, that oil
refining became big business.
PUBLIC SUPPORT
• laissez-faire
• government allows business to do whatever it wants
• unlimited immigration
• supplied labor
• high tariffs
• protected American business
• public financing of railroads
• shipping goods
ENTREPRENUERS AND INNOVATIONS
Communication
• Telegraph
• Samuel B. Morse
• Telephone
• Alexander Graham Bell
• Typewriter
• Christopher Sholes
• new jobs for women
Factories
• Light bulb
• Thomas Edison
• Elevator
• Elisha Otis
Urban life
Trolleys = suburbs = upper and middle classes move from inner city
Urban Life
•Work by the clock = more leisure time = •more saloons•dance halls•Cabarets•amusement parks•vaudeville shows•moving pictures •spectator sports (boxing, baseball, horse racing)•city parks (Central Park/ Fredrick Olmstead – landscape architect)