The Railroad Boom

The Railroad Boom The main reason for the transcontinental rail lines to be built was to bring the east and west together. The building of these railroads caused huge sparing growth throughout the United States. The railroad created opportunities for everyone across the US. Railroads were the starting line off big business, the first magnet for the great financial markets, and the first industry to develop a large-scale management bureaucracy. The railroads loose the western half of the nation to economic development, connected fond materials to factories and retailers, and in so doing created an interconnected national market. At the analogous time the railroads were themselves gigantic consumers of iron, steel, lumber, and other capital goods. (Tindall, Shi) The undertaking of a project as large as building a railroad across the expanse of the United States seemed impossible and carriage too expensive for any railway companies to undertake; therefore, in the early/mid 1800s, railway companies and business people began draw close legislators in an attempt to convince them to support railroad expansion. This, unite with economic necessity, helped to pass the first of several land concede bills.

The bills entailed the gifting of public land to railroad companies in exchange for railroad track being laid in designated areas. The land that was not used for track was then sold. Both railroad companies and the presidency gained from this. The land where track was laid also became more valuable and the profit that was made from the sale of the land was used to wage for materials and labor to continue the railroad expansion. (Railroad Land Grants). With the East and the westward being brought together by the railroad, goods were able to go to market more cheaply, federal shipping costs were reduced, more jobs became open due to railroad construction and due to the new settlements that were development along the new railroad routes. (Railroad Land Grants) The building of... If you regard to get a full essay, order it on our website: Orderessay

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