Railroads: America's First Big Business

Improved Essays
In our textbook, The American Promise, the text describes the railroads as “America’s first big business.” (The American Promise 480). The railroads were used in multiple ways, for transportation of people, goods, and information. It was the fastest transportation during the late 1800’s. Without the railroads, the United States would not have been able to develop efficiently in our industries.
The American Promise book states “The Pennsylvania Railroad by the 1870’s boasted a payroll of more than 55,000 workers. Capitalized at more than $400 million, the Pennsylvania Railroad constituted the largest private enterprise in the world.” (The American Promise 480). This railroad held thousands of jobs for citizens. If the railroads were not built

Related Documents

  • Improved Essays

    Consequences of Industrialization After the Civil War, the American economy was growing more and more and industrialized. The three most significant consequences of the industrialization of the American economy after the Civil War were new inventions, transportations, and capitalism. One of the most significant consequences of the industrialization were new inventions. New inventions allowed people to do things more efficiently than before (class lecture).…

    • 455 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The railroad finally made a connection across the Chesapeake Bay in April 1885, something which hadn’t been accomplished before, an engineering feat which was revolutionary for its time (Eastern). This connection would save countless hours of time due to taking a more direct route from East to West and West to East. Alexander Cassatt’s railroad opened under the name “New York, Philadelphia and Norfolk Railroad (NYP&N)” (Transportation). This railroad would play an essential role in helping move people, food, supplies, etc.…

    • 928 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Clearly a transformation like this would mean that the economy surely benefited tremendously. The building of the railroad dropped the general cost of shipping domestically as well as nationally. In the 1860’s to ship by wagon it cost 5 times more than it would by rail. With the price difference, and the fact with shipping by wagon it would remarkably take much longer, shipping by rail became the most efficient solution.…

    • 448 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Although the railroads construction created many positives for the development of the United States it also created a lot of negative effects. Due to the railroads construction, many owners of the company wanted to use immigrants as cheap labor and because of this many died while working extensive hours for little to no pay (doc.4). For many years this went on without any fight but as labor unions and…

    • 767 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Fall 2015 History is often only taught but never questioned because of the impossibility to change what has already happened. However, Richard White, the author of “Railroaded” does exactly that, questions transcontinental life in the Gilded Age. White is a well-respected historian and professor from Stanford University who, during the 2007-2008 recession, was inspired to write about the strangely-familiar recessions of our nations past. This book provides great insight regarding the idea of railroads and whether or not such an invention was a good and needed advancement at the time. This paper will analytically criticize, praise and discuss Whites argument, effectiveness and credibility of the railroad industry.…

    • 1254 Words
    • 6 Pages
    Superior Essays
  • Great Essays

    The railway trains, engines, employees, managers were engaged in business of provision of services for passengers and freight. By these terms of service provision the railroad significantly contributed to the American economic growth. The amount of freight increased from 13 billions in 1870 to 450 billions in 1929. Additionally, the railroad reduced transportation costs. When the railroads began their operation the advantages over canals and other ways of transportation were obvious – the speed was much higher and the service was more flexible.…

    • 1473 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    From 1840 to 1860 the total trackage length in the US increase more than nine times. Railroads in the mid 1800s were booming across America, following them was many radical changes. One of the first evident changes was one of independence; train lines diverted traffic from water ways, this in turn made the West in addition to the South more independent from their Northeastern counterparts. Rail lines were important for expansion across the nation, thousands of people used them to move Westward. People in the Western part of the nation were now able to trade more efficiently; their goods could be transported for export quickly.…

    • 288 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    Industrial Revolution Dbq

    • 1407 Words
    • 6 Pages

    And the railroads collapsed because they were overextended” (29). As I stated earlier the railroad system was important to America because it allowed raw materials to be shipped throughout various places in America. Since most of the newer railroad construction was in the West it was not very profitable because there were not very many people residing in the…

    • 1407 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Cornelius Vanderbilt was an industrial businessman who made his fortune in the railroad business (John 2012). The railroad system was a highly anticipated new technology that began with the completion of the first transcontinental railroad in 1869. With rapid expansion, the railroad system bridged the regions of the country and triggered major economic growth for decades. Rapid consolidation of independent railroad systems occurred with the key robber barons being Cornelius Vanderbilt, J. P. Morgan, and James J. Hill (Crawford 2013). Consolidation led to monopolies that set…

    • 1209 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Sydnie Holder 3.9.16 Mr. Modica Early American History Impacts of the Transcontinental Railroad Since the dawn of time man has strived to be on the move, exploring the unknown and seeking news ways of getting from one point to another. The innovation of transportation gave people the gift of exploration and traveling to places they have never been able to go before. During the early 1800s the main modes of travel were wagons, horses or on-foot, causing travel to be difficult and sluggish. This drove people to discover a more efficient way of travel, which resulted in the creation of trains. Due to this invention people were able to travel farther and at faster paces.…

    • 1783 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    Railroads were created to travel across country which opened the door to many opportunities, although not all good. Along…

    • 780 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Cornelius Vanderbilt was an important contributor to his field because the majority of today’s businessmen follow his example and act in ways that he invented through his actions. In addition, Vanderbilt invested his fortune in railroads (Carey 351). Without railroads, today’s society would not only be vastly different, but it could also possibly be nonexistent. This is due to Vanderbilt’s railroads creating a societal dependency on themselves. The Commodore had always been skilled at seeing promise in fields that had promise as he was a great entrepreneur (Shultz 1).…

    • 1861 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    The United States was growing, and it required men who would do heavy work such as building bridges, canals, and railroads. One of the biggest employment opportunities for the Irish was the construction of the Union Pacific Railroad. The Pacific Railroad Act of 1862 was approved by President Lincoln, but the work was postponed, due to the start of the war. In 1866, however, the great race between the Union Pacific Railroad -- starting at Omaha -- and the Central Pacific Railroad -- starting at Sacramento – began. Each team was laying tracks as fast as they could to see who could get the farthest before the two lines joined up.…

    • 2233 Words
    • 9 Pages
    Improved Essays
  • Improved Essays

    The only passenger trains were moving more workmen were joining forces with the railroad…

    • 865 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The railroad was instrumental in the movement of raw materials, especially in the Midwest and Northeast parts of the country (Baker, Boser, & Householder, 1992). This eventually translated into jobs and better living standards for Americans. The formation of the labor movement was another aspect of industrialization that influenced the U.S society and the economy. While it is no doubt that industrialization led to more working opportunities for Americans, there was an outcry from workers as their working conditions had not been addressed by the federal government. This resulted in the development of the labor unions in an effort to address the working conditions of the worker in American factories.…

    • 1220 Words
    • 5 Pages
    Improved Essays