Vocabulary Lesson 1 1. gauge- width of a train track 2. network- system of connected railroad lines 3. consolidate- combine 4. rebate- discount 5. pool- system in which several railroad companies agreed to divide up the buisness in an area Lesson 2 1. Bessemer process- method developed in the 1850s to produce strongersteel at a lower cost. 2. vertical integration- practice in which a single manufacturer controls all of the steps used to change raw materials into finished products. 3
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were never able to forget. One detail about slavery that is included in Morrison’s novel is the Underground Railroad. Sethe‚ the main character is able to use it to escape Sweet
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kept getting bigger. His goal was to have the largest banking corporation in the world. And once did that‚ he invested in more companies. J.P. Morgan impacted the citizens of the United States because he made a better banking firm‚ he opened more railroad businesses‚ and he provided the United States money and art. John Pierpoint Morgan was born in 1837 in Hartford‚ Connecticut. His family was extremely wealthy‚ his distant relative being the founder of Yale University. After graduating from high
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Railroaded: The Transcontinentals and the Making of Modern America looks at the way that railroad owners found a way to turn that business into a big business and earn millions upon millions for themselves. A majority of the book shows how the railroad owners received lots of money for the corruption and other behind the scenes deals that went on. The railroad for how corrupt it was‚ unfortunately shaped the way America was built and became the superior power that it is in the present day. During
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Railroads fueled industrial growth as it transported people‚ agricultural products‚ and raw materials products in an inexpensive and swifter approach. Railroads such as the Pennsylvania Railroad used a technique to limit its competition and kept their prices high as they bought seventy-three smaller lines and forced them out of business. They became so important to industrialization that document 2 proved to state that railroad mileage expanded from approximately
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the southern farmer people but also the people who owned railroad companies. The Populist movement had affected the people of the United States in many different ways. IN some ways like the creation of railroads had become a huge dramatic affect on the people of America. It had changed the way goods and other stuff was traded and transported across the new nation. Railroads even a huge effect especially on the south. With more railroads means more land to build
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com/EBchecked/topic/1350805/history-of-technology/10449/Steam-engines?anchor=ref367967>. * Schuyler‚ Tami. Scientists‚ Mathematicians‚ and Inventors: An Encyclopedia of People Who Changed the World (Lives and Legacies Series). Phoenix: Oryx Press‚ 1998. Print. * Stover‚ John F.. American Railroads (The Chicago History of American Civilization). 2 Sub ed. Chicago: University Of Chicago Press‚ 1997. Print.
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Political: • Businesses benefited from friendly government policies that protected private property‚ subsidized railroads with land grants and loans‚ supported US manufacturers with protective tariffs‚ and refrained from either regulating business operations or heavily taxing corporate profits. • Government policies gave 170 million acres of land to railroad companies for expansion of business. • Land grants and cash loans made poor construction and increased corruption in government. • Since
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As a result of this new mode of transportation‚ business along the Portage Road diminished drastically. In order to complete with the canal‚ the businessmen of the Portage Road formed the Erie & Ontario Railroad Company. (Erie & Ontario Railroad) At the start of the 1840s railways had shown lot of potential for the future. It was a comfortable means of travel‚ it allowed to travel and transport goods rapidly from place to place. In 1845‚ for example‚ about 50‚000 visitors
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A railroad tycoon‚ owner of a shipping empire and self made multimillionaire‚ Cornelius Vanderbilt helped to create a large railroad system and turn it into the big industry that it was in the 19th century and what it is now. He also did the same thing with the shipping industry. Vanderbilt changed the industries of America by introducing a way of transportation of people and goods that is effective and quicker than anything that has been created before. Seen as a Robber Baron‚ Cornelius Vanderbilt
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